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Question
What is the trade credit period?
What is the trade credit period?
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Solution
Trade credit period is a time period after which the buyer needs to make payments to the seller for the goods purchased. It can be between 30-90 days.
Also read:
- MCQ on Internal Trade
- History of Trade and Commerce in India
- Trade Deficit
- MCQs on International Trade and Finance
Learn about more commerce questions and answers from different topics in business studies, economics, and accountancy from our website.
Trade credit period is a time period after which the buyer needs to make payments to the seller for the goods purchased. It can be between 30-90 days.
Also read:
- MCQ on Internal Trade
- History of Trade and Commerce in India
- Trade Deficit
- MCQs on International Trade and Finance
Learn about more commerce questions and answers from different topics in business studies, economics, and accountancy from our website.
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