When credit is granted to another firm this gives rise to a(n):
A)accounts receivable and is called a consumer credit.
B)credit due and is called an installment note.
C)accounts receivable and is called trade credit.
D)trade receivable and is called an installment note.
E)None of the above.

Question

Quizplus · Accepted Answer

When credit is granted to another firm, it is called trade credit and gives rise to an accounts receivable for the firm providing the credit.

When Credit Is Granted to Another Firm This Gives Rise