Open account: Difference between revisions
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Type of commercial trade credit in which the seller issues an invoice, which is formal evidence of an obligation, and records the sale as an account receivable. | Type of commercial trade credit in which the seller issues an invoice, which is formal evidence of an obligation, and records the sale as an account receivable. | ||
== See also == | == See also == | ||
* [[Credit]] | * [[Credit]] | ||
[[Category:Trade_finance]] | |||
Revision as of 09:29, 9 October 2013
Type of commercial trade credit in which the seller issues an invoice, which is formal evidence of an obligation, and records the sale as an account receivable.
