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
E)an arrangement where two companies make payments on each other's loans

Question

Quizplus · Accepted Answer

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

What Is Trade Credit