Where a manufacturer doesn't collects money from whol...
Where a manufacturer doesn't collects money from wholesalers in exchange for goods produced is referred to as
charge account
trading checks
trade credit
I owe you
Correct answer is C
Trade credit is the credit extended to you by suppliers who let you buy now and pay later. Any time you take delivery of materials, equipment or other valuables without paying cash on the spot, you're using trade credit.
Which of the following is not a credit instrument used in business transactions? ...
A function generally performed by authorities of both the air and seaport is the? ...
Which of the following is NOT regarded as a welfare service in an organization? ...
The benefits that students derive from tourism are ...
A feature common to privatization and commercialization is? ...
Which of the following ensures that the quality of a product is maintained? ...
A wholesaler who possesses the title of goods he sells is known as? ...