Select the one term that best fits each definition.
-A form signed by a buyer at the time of a sale of merchandise in which the buyer promises to pay the seller a specified sum of money, usually at a stated time in the future.
A) bill of lading
B) distribution of net income statement
C) exports
D) imports
E) letter of credit
F) liquidation of a partnership
G) partnership agreement
H) realization
I) time draft
J) trade acceptance

Question

Quizplus · Accepted Answer

A trade acceptance is a written agreement or promise made by a buyer to pay the seller a specified sum of money at a specified future date, typically used in the sale of merchandise.

Select the One Term That Best Fits Each Definition