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Author Question: A period of time that the buyer is given by the seller to pay his or her purchases on account. a. ... (Read 31 times)

s.tung

  • Hero Member
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  • Posts: 577
on: Jul 6, 2018
A period of time that the buyer is given by the seller to pay his or her purchases on account.
 a. Credit Terms
   b. Credit Agreement
   c. Credit Period
   d. Payment Period

Question 2

A Special Revenue Fund
 
  A. Is used to account for resources restricted or committed to expenditures for capital outlay or debt service purposes.
  B. Must be used to account for all expendable restricted or committed resources.
  C. Is used to account for resources that are restricted or committed to expenditures for specific purposes other than debt service or capital outlay.
  D. Must be used to account for all nonexpendable, restricted or committed resources.

Question 3

The agreement between a seller and a buyer about payment on a purchase is called
 a. Credit Period
   b. Credit Terms
   c. Credit Agreement
   d. Purchase Agreement


essyface1

  • Sr. Member
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  • Posts: 347
Reply #1 on: Jul 6, 2018
Answer to Question 1

c

Answer to Question 2

Thank you

Answer to Question 3

b


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