Open account trading
1) Method of payment for exported goods whereby buyer settles in arrears, usually periodically - normally used only where satisfactory trading record exists or when dealing with reliable companies.
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Open account trading 1) Method of payment for exported goods whereby buyer settles in arrears, usually periodically - normally used only where satisfactory trading record exists or when dealing with reliable companies. Trading Standards/Officer 1) Department of local authority (and officer of such) concerned with (among other things) vehicle weights (direction of vehicle by police for weighing and prosecution is on behalf of highway authority). Reverse trading 1) The practice of trading part-finished goods/components for raw materials. Trading account 1) Document (usually prepared by accountant/auditor, etc annually for business) showing income and expenditure for year - same as profit and loss account. Indicates gross profit/loss for year. Not to be confused with balance sheet. |
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