Asked by Angel Martinez on May 05, 2024

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Trade credit can take the form of all but which of the following?

A) consignment goods
B) seasonal dating
C) extended payment periods
D) reference payment periods

Trade Credit

A type of credit extended by a seller to a buyer allowing the buyer to purchase goods or services and pay for them at a later date.

Seasonal Dating

An arrangement that allows buyers to make payments at a later date, often used to accommodate seasonal fluctuations in sales or production.

Consignment Goods

Products held by a seller, but still owned by the supplier until they are sold to a consumer.

  • Learn about the multiple forms of credit that are available for business purposes.
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Verified Answer

JM
Jaskaran MalhiMay 10, 2024
Final Answer :
D
Explanation :
Trade credit can take various forms, including consignment goods (where payment is made only after the goods are sold), seasonal dating (offering special payment terms during off-peak seasons), and extended payment periods (allowing the buyer more time to pay). However, "reference payment periods" is not a recognized form of trade credit.