Question

On what criteria is Trade credit granted from one trader to another ?​

Answer 1

Answer:

For example, a customer is granted credit with terms of 4/10, net 30. This means that the customer has 30 days from the invoice date within which to pay the seller. In addition, a cash discount of 4% from the stated sales price is to be given to the customer if payment is made within 10 days of invoicing.

Explanation:

Mark me as brainliest

Answer 2

Answer:

For example, a customer is granted credit with terms of 4/10, net 30. This means that the customer has 30 days from the invoice date within which to pay the seller. In addition, a cash discount of 4% from the stated sales price is to be given to the customer if payment is made within 10 days of invoicing. If instead, the terms of sale were net 7, then the customer would have 7 days from the invoice date to pay, with no discount offered for early payment.

Explanation:

Radhe Radhe

Jay Shree Krishna

Hope it helps you

Mark me as Brainliest please!