what is mean by credit sales?
Answers were Sorted based on User's Feedback
credit sales is the sales which has been made without
getting the cash at present but liable to get in future.
The person who is liable to pay for us is called the debtor.
Is This Answer Correct ? | 28 Yes | 6 No |
Answer / k.padmaja
Credit Sales means sales must be done on credit
Basis,amount collected from that party depending on
seller's rules and conditions
Is This Answer Correct ? | 17 Yes | 2 No |
Answer / paramesh
the credit sales simply explains as if the customer or
enduser taking goods without paying the money means he was
taking the goods and he is liable for some particular time,
before that he must pay the money... in accounting terms it
explains as sending goods to user (invoice)with dc
Is This Answer Correct ? | 4 Yes | 1 No |
Answer / esther chidi
Credit occur when a seller grant permission to a buyer to take possession and enjoy a commodity with a promise to pay in the future
Is This Answer Correct ? | 5 Yes | 2 No |
Answer / vinay
for the purposes of improvement of business, business man will sale the product for the customer on credit basis, credit sales means selling product or goods he can get the money after a particular time period.
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / danana
Credit sales can be the team/ department in a financial
institutions which sales credit products like bonds, loans,
cds, and other funkier credit instruments.
Is This Answer Correct ? | 3 Yes | 6 No |
what is CCA is a part of salary?
How many times can one buy and sell within a settlement cycle?
what is meant by cash purchase?
What is the difference between an Imprest and Non-imprest petty cash account?
how is the due date calculated. invoice date + payment terms or invoice received date + payment terms or it depends upon the company
What is difference between traveling and conveyance?
What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?
How will be prepare BRS in tally, please tell me step by step.
EXPAND______________PDF
What are different types of reports made in tally
What is ment by MIS reporting?
27 Answers Deloitte, Hotel Jobs,
1. what is debenture? 2.Why company will issue shares? 3. What is audit? 4. What is the role of finance department? 5. What is mutual fund?