If there are no Payments on an invoice then the items were purchased __________.

A. on discount

B. with cash

C. on account

D. with loans

Assets may be categorized into which of the following?

A. Accounts Payable

B. Inventory

C. Interest Payments

Accounts Receivable are usually collected under what payment scheme?

A. Net-5

B. Net-30

C. Net-65

D. Net-20