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- Encourage the Customer buy more products or services
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∙ 11y ago
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What are the advantages of credit sales?
its advantages are * the person need not to pay money at sport *the person had got a credit offers in credit sales
What is the advantages and disadvantages of credit policy?
advantages of credit policy
What does the company Chase Paymentech do?
Chase Paymentech is a company that offers credit card management services. They also provide payment processing and services for online sales when the customer is not with the seller.
Difference between credit sales and credit purchases?
credit sales are sales you have made on credit, so they still owe you the money for that item. credit purchases are things you have purchased from your suppliers on credit and therefore you owe the money for
What is credit in business?
Credit means extending periodic payment against sales by the seller to a buyer/customer. In business, you cannot always expect cash and you are to extend credit to your customers to remain in business. In the broader sense, banks extend various types of credit to business houses to meet up their multipurpose requirements.
What are the advantages of credit sales?
its advantages are * the person need not to pay money at sport *the person had got a credit offers in credit sales
What is different between sales credit and cash credit?
In cash sales, payments are made instantly by the buyer/customer to the seller, where as in credit sales, the payments are generally made after a specific period as agreed upon between the buyer and the seller.
What is the difference between sales and cash sales?
In cash sales, payments are made instantly by the buyer/customer to the seller, where as in credit sales, the payments are generally made after a specific period as agreed upon between the buyer and the seller.
What are the advantages of accepting credit card sales?
wth out doing that you have no credit score and take the oppurtunity to get a better score
When selling your home what are the advantages of seller paid points vs lowering your sales price?
The only "advantage" for the seller that I can tell--is if you lower the sales price, you would have less in capital gains. The buyer would have the "advantage" of possibly getting a lower rate if points are paid by the seller.
What is return sales?
When the sold items are returned back to the seller by the customer then, it is Sales Return for the seller.
What is the internal control procedure for the credit sales?
Usually, the internal control procedure for credit sales is a credit check by the seller. Other methods used for control include an aging of accounts receivable. Returning customers are judged on their ability to pay by how fast they paid in previous transactions.
What are the advantages and disadvantages of a bill of exchange?
it is a legal evidence of dept
What is the difference between cash and credit sales?
when you purchase something with cash that's what you have available right then and there. with credit you don't have to pay out of pocket right away. you are having someone else hold an accounting for the amount you have spent and send you a bill that is best paid off upon receiving it, to avoid interest.AnswerCash sale you pasy with dollars, credit sale you pay with credit or debit card
Journal entry in financial accounting for purchase return?
Like sales discounts, sales returns and allowances reduce sales revenue. They also result in additional shipping and other expenses. Since managers often want to know the amount of returns and allowances for a period, the seller records sales returns and allowances in a separate account. Sales Returns and allowances is a "Contra (or offsetting) asset account to Sales. The seller debits Sales Returns and Allowances for the amount of the return or allowance. If the original sale was on account, the seller credits Accounts Receivable. Since merchandise inventory is kept up to date in a perpetual system, the seller adds the cost of the returned merchandise to the merchandise inventory account. The seller must also credit the cost of returned merchandise to the cost of merchandise sold account, since this account was debited when the original sale was made. What if the buyer pays cash and then later returns the merchandise. In this case the seller may issue a credit and apply it against other accounts receivables owed by the buyer, or the cash may be refunded. If the credit is applied against the buyer's other receivables, the seller records entries similar to those preceding. If cash is refunded for merchandise or for allowances, the seller debits sales returns and allowances and credits cash.
What is the importance of credit sales?
Credit Sales increases the amount of sales and sales volume.
Advantages and disadvantages of credit sales?
I would say that the main advantages and disadvantages of instalmet sales are that they cinsume your money and they let you pay for the things you can't afford or don't have all the money for.
