What is trade credit?
A)the credit that a firm is extends to its customers
B)the amount a firm is owed by its customers who have received goods and services but have not yet paid for them
C)the percentage discount offered to a customer who opts to pay their account early
D)the amount that a firm owes its suppliers for goods which it has received but for which it has not yet paid.

Question

Quizplus · Accepted Answer

Trade credit is the credit extended by a firm to its customers, allowing them to purchase goods or services and pay for them at a later date.

What Is Trade Credit