When items are bought and paid for at a future date, another way to state this is to say these items are bought on account.

Name: When items are bought and paid for at a future date, another way to state this is to say these items are bought on account.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Buying items and paying for them at a future date is referred to as buying on account, which means the buyer receives the goods or services before payment is made, creating an account payable for the buyer.

When Items Are Bought and Paid for at a Future