Business, 21.08.2021 01:00, momoney5746

Firms generally make purchases from other firms on credit and they record the debt as an account payable. This payable is also known as trade credit, which is defined as the debt arising from credit purchases and recorded as an account receivable by the seller and as an account payable by the buyer. Trade credit has a portion that

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Firms generally make purchases from other firms on credit and they record the debt as an account pay...