What is the length of time called for which the supplier (seller) exte
QUESTION
What is the length of time called for which the supplier (seller) extends credit?
A) promissory term
B) terms of trade
C) trade period
D) commercial period
E) net period
ANSWER
Answer: E
Explanation: E) The length of time for which the supplier (seller) extends credit is known as the net period.
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