Purchasing office supplies on account is an example of one way a company can take advantage of deferring a cash payment.

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When a company purchases office supplies on account, they are essentially deferring the cash payment until a later date, allowing them to use their cash for other expenses or investments in the meantime. This is a common way for companies to take advantage of deferred payments and manage their cash flow.

Purchasing Office Supplies on Account Is an Example of One