Goods and services transferred from seller to buyer without immediate payment is referred to as ____________
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option C
Explanation:
A credit sale occurs when a seller transfers goods or services to a buyer while allowing the buyer to make payment at a later date. The buyer therefore receives the goods immediately but does not make immediate payment.
A credit sale occurs when a seller transfers goods or services to a buyer while allowing the buyer to make payment at a later date. The buyer therefore receives the goods immediately but does not make immediate payment.