Which one of the following terms refers to the length of time a firm grants its customers to pay for their purchases?
A)Lockbox period
B)Discount period
C)Credit period
D)Cash cycle
E)Receivables turnover period

Question

Quizplus · Accepted Answer

The credit period refers to the length of time that a firm allows its customers to pay for their purchases. It is also known as the payment terms or credit terms.

Which One of the Following Terms Refers to the Length