Examveda
Examveda

Term 'Credit' means _____ by the business

A. Receiving of benefits

B. It has no effect on business

C. Providing benefits

D. It depends upon items

Answer: Option A

Solution(By Examveda Team)

Term 'Credit' means Receiving of benefits by the business. The terms which indicate when payment is due for sales made on account (or credit).

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