The terms of sale generally include which of the following?
I.type of credit instrument
II.cash discount
III.credit period
IV.discount period
A)I and III only
B)II and IV only
C)III and IV only
D)II, III, and IV only
E)I, II, III, and IV

Question

Quizplus · Accepted Answer

The terms of sale typically encompass all of these elements: the type of credit instrument to be used (e.g., promissory note, trade acceptance), cash discount options for early payment, the credit period over which payment can be made, and the discount period during which a cash discount is available for early payment.

The Terms of Sale Generally Include Which of the Following