Trade accounts receivable are created by selling goods or services on credit.

Name: Trade accounts receivable are created by selling goods or services on credit.
Brand: Quizplus
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Trade accounts receivable are created when a company sells goods or services on credit, meaning the buyer has an agreed-upon amount of time, typically 30 to 90 days, before payment is due. In other words, the buyer is essentially borrowing money from the seller until payment is made. This creates an account receivable on the seller's books.

Trade Accounts Receivable Are Created by Selling Goods or Services