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what do you mean by liabilities
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∙ 9y ago
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What instrument are used in trade credit?
instruments in trade credit
The advantages and disadvantages of trade credit?
The main advantage of trade credit is you have more time to pay the creditor with no interest!
What is trade credit and its different types?
Trade credit is a value put on items you trade to an individual or business. These trade credits can be used like cash money to purchase items from these same people.
Is trade debtors a debit or credit transaction on the trial balance?
credit
Is the game-stop trade credit the same thing as store credit?
Yes
When adding an old trade line to your credit report will this help raise your credit score?
ANSWER: If the old trade line was in good standing, yes.
Where can you trade in consoles?
Gamestop is a place where you can trade in games and consoles for store credit
What are the disadvanteges of trade credit?
TRADE CREDIT: Open, short-term (usually 30 to 90 days) deferred payment terms offered by a seller to a buyer as a standard trade practice or to encourage sales. In some trades such as jewelry business, the credit may extend to 180 days or even longer.DISADVANTAGES· If repayments are not made by certain deadlines, the business will receive a poor credit history which will be a big blow to any business as they will not trusted in the future if they require any loans, trade credit, credit cards or leasing.· Only companies with a good credit history will get trade credit and these can often be hard to build up, especially for new businesses.
Do you get extra credit for gamestop if you trade in your PSP for a PSP go?
If you trade in 3 games with a PSP 2000 or 3000 you get $100 credit for a PSP Go.
What is the journal entry for car trade in?
[Debit] New Car[Debit] Accumulated depreciation[Credit] Cash / bank[Credit] Trade-in Old car
What is generally the largest source of short term credit small firms?
Trade Credit
What is generally the largest source of short-term credit small firm?
Trade Credit
