Which of the following is the practice of one firm selling to another on credit terms?
A) Accounts payable
B) Accounts receivable
C) Barter transactions
D) Trade credit

Question

Quizplus · Accepted Answer

Trade credit refers to the practice where suppliers sell goods or services to another company on credit, allowing the buyer to pay for the goods or services at a later date. This is a common practice in business-to-business transactions.

Which of the Following Is the Practice of One Firm