Defines the terms of sale

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Reference no: EM13810245

Which one of the following defines the terms of sale?

1) Period of time during which a discount can be taken on an invoice

2) Period of time granted to a customer to pay for the goods or services received

3) Legal documents related to the credit sale of either goods or services

4) Conditions under which a firm sells its goods or services for either cash or credit

5) Process used to determine which customers will be granted credit and which will not

Reference no: EM13810245

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