Good and services transferred from seller to buyer without immediate payment is referred to as
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Correct Answer: Option C
Explanation:
A credit sale occurs when goods or services are supplied to a buyer who is allowed to pay at a later date. Ownership generally passes to the buyer while the payment remains outstanding.
A credit sale occurs when goods or services are supplied to a buyer who is allowed to pay at a later date. Ownership generally passes to the buyer while the payment remains outstanding.