When credit is offered with only the invoice as a formal instrument of credit, the credit procedure is called:
A) invoice account.
B) open account.
C) unsecured account.
D) unsecured note.
E) None of the above.
Correct Answer:
Verified
Q3: A commercial draft is useful to a
Q3: Lengthening the credit period _ the price
Q4: The credit period offered is influenced by:
A)the
Q6: Which of the following statements is not
Q7: Selling goods and services on credit is:
A)an
Q11: Cash discounts:
A)conveniently separate the pricing of credit
Q12: The three components of credit policy are:
A)collection
Q13: Seasonal dating of accounts receivable:
A)is used by
Q15: When analyzing the decision to change the
Q19: Which of the following is not one
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