Trade credit facilitates the purchase of supplies without immediate payment. It is a short-term financing source. It is granted to those customers who have a reasonable amount of financial standing and goodwill. Terms of trade credit may vary from one industry to another and from one person to another.
Answers & Comments
Explanation:
Trade credit facilitates the purchase of supplies without immediate payment. It is a short-term financing source. It is granted to those customers who have a reasonable amount of financial standing and goodwill. Terms of trade credit may vary from one industry to another and from one person to another.