Asked by
nathaniel elharrar
on Nov 15, 2024
Verified
The length of time the customer is allowed to repay the bill is the:
A) discount period.
B) short period.
C) credit period.
D) return period.
Credit Period
Length of time allowed for payment of goods sold on account.
Discount Period
The time frame in which a payment can be made at a reduced rate.
- Ascertain the effects and use of credit terms in the framework of sales contracts.
Verified Answer
EN
Learning Objectives
- Ascertain the effects and use of credit terms in the framework of sales contracts.