When a company provides goods to a purchaser with payment at the end of the month,this is called.
A) factoring.
B) revolving credit.
C) trade credit.
D) supplier credit.

Question

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When a company provides goods to a purchaser with payment at the end of the month, it is known as trade credit. It is a common practice in business transactions where one company allows the other to purchase goods or services on credit and pay for them later. Factoring involves a third party financing a company's accounts receivables, revolving credit refers to a line of credit that can be used repeatedly, and supplier credit is a type of trade credit provided by the supplier of the goods.

When a Company Provides Goods to a Purchaser with Payment