Jim Roy visits the doctor for his annual check-up which costs $85. He is billed for this at the end of the month. What type of credit did Jim use?
A) Installment sales credit
B) Installment cash credit
C) Single lump sum credit
D) Revolving credit
E) Incidental credit

Question

Quizplus · Accepted Answer

Incidental credit occurs when services are provided with the understanding that payment will be made at a later date, such as a medical bill.

Jim Roy Visits the Doctor for His Annual Check-Up Which