What does credit sales mean?
submitted by Polly Esther

taoreed

This is the allowance given to a customer for later payments in future.

Aminu Saidu Marafa

Credit sales means allowances of goods to customers in order to pay in advance.

Abby

The name speaks for itself. It is goods given to a customer on credit, meaning that you sell the goods and collect cash at a later date per agreement with customer.

izhar

Credit sales means inventory which is sold for credit (not on cash), and the amount will be received in the future.

richard

This is a system of buying goods where the customer receives the title of the good without any payment and arrange to pay at a regular intervals or a stated time.

Abubakaryusuf nadabo A&A

A transaction in which a seller agrees to sell an item to a customer for a set or variable price in a fixe number of time basse on the agreement.

mahmud meimunq

A credit sales is made between a seller and a buyer with the buyer agreeing to pay by installment.

S. kenyagah

Credit sale is one of the means of doing business between an entrepreneur and the potential customer where the customer receives the product without making cash payments but pledges to make payments in future depending on the agreement between him/her and the saller.

rutuja shinde

When goods are sold without receving immediate payment, it is called a credit sale.

umar Jude

Credit sales is similar to a regular purchase. It could also be referred to as instalmental payment purchase, but it isn't because instalmental isn't a word. A credit sale is an arrangement whereby the seller allows the buyer to take possession of a property or item and assume ownership while he pays for it from time to time or at a future date.

leslie

Credit sales are extended to a firm's clients when they need sufficient working capital to maintain their operation. When their receivables are converted into a cash, then they can pay off the balance. This is require at times.

ifedolapo falokun

Credit sale is a sale in which full amount will be made in one payment some time in the future or smaller regular payments over a period of time. The buyer is the owner of the property or goods being sold from time the arrangement is made.

Mariam

Credit sale is the transfer of goods from the seller to the buyer without any value being given out immediately.

Jeremiah Yohanna

Credit sale can be seen as the receipt of goods or services by the buyer from the seller without payment, with the understanding that it will be paid in the future. The payment is done over time with an agreement between the two parties. The reason for this arrangement is to space out large expenditures..

vas

when goods are sold without any spot payment and that payment is paid later in future then it is known as credit sales

malik

if goods are sold to a customer and he does pay the price of goods at same time but agreed to pay the price in future such sale is know as credit sales.

Sushanta Malo

Credit sales is a modern thing. It's enriched business and extended to a clients . It is also transfer of goods from the seller to the buyer with a a minimum down payment and agreeing to pay by installment in future in limit of time.

prince Nnamdi

Credit Sales: are sales made by the seller to customer on an agreed period or time to pay in future.

ruth

Credit sales is also a credit facility for durable goods with low re-sale value, such as carpets and clothes. The item becomes the property of the buyer upon payment of the first installment. If he defaults on last installment, he is sued individually.

alpha kachingwe

It is the sale of item without any cash in which a buyer agrees with the seller to make payment on later date.

ocen samuel

CREDIT SALE, refers to the sale of goods between the seller [owner] and the buyer [purchaser] without cash payment as agreed between both parties for the goods/items to be paid later in money terms.

Joe Kerr

A credit sale is an agreement between the buyer and seller stating that the purchase of goods will be possible with a condition that the payment will be made certainly around a specific period in future, or made with installments.

Jolayemi

Credit sales is a system in which a buyer purchased property or items from a seller and pay at a later agreed date

kumar bharat bhushan

It is the sale of an item without any cash, in which a buyer agrees with the seller to make payments at a later date.

prosper

these are goods gotten without payment... with an intention of paying in instalments or fully in a later date

Pat

It is a sale of a good without cash but with an agreement between a seller and the buyer for a later date.