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Sagot :
Answer:it is A
Explanation:
Just took the test. Goods are shipped to the importer with terms of remittance in 30,60, or 90 days.
Goods are shipped to the importer with positions of remittance in 30, 60, or 90 days is scenarios best describe an open account. The remittance is paid to the importer.
What is open account?
Open account is the sales transaction where the goods are delivered before the payment is due. This is beneficial for the importer, but it involves the high risk to the exporter.
It is also called account payable by the bearer. The example of Open account is trade credit which is not fully pay off, a deferred cost schedule for an goods, a past due account.
Thus, option A is correct.
For more details about open account, click here:
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