- Encourage the Customer buy more products or services
its advantages are * the person need not to pay money at sport *the person had got a credit offers in credit sales
advantages of credit policy
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.
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
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.
its advantages are * the person need not to pay money at sport *the person had got a credit offers in credit 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.
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.
wth out doing that you have no credit score and take the oppurtunity to get a better score
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.
When the sold items are returned back to the seller by the customer then, it is Sales Return for the seller.
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.
it is a legal evidence of dept
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
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.
Credit Sales increases the amount of sales and sales volume.
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.