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What is an AR If any time passes between the time of sale and the collection of payment...?
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If any time passes between the time of sale and the collection of payment?
An account receivable is always created
If any time passes between the time of sale and the collection of payment...?
An account receivable is always created
What is it called when If any time passes between the time of sale and the collection of payment?
accounts receivable is always created
What is the difference between cash sale and credir sale?
A cash sale is instant - a credit sale is a 'promise' of payment to come.
What is the difference between installment sales and credit sales?
An installment sale is a special type of credit arrangement which provides for payment in periodic installments over a predetermined period of time and results from the sale of real estate, merchandise, or other personal property. In the ordinary credit sale, the collection interval is short(3-90days) and title passes unconditionally to the buyer concurrently with the completion of the sale(delivery). In contrast, in an installment sale the cash down payment at the date of sale is followed by payments over a longer period of time (six months to several years), and in many states the transfer of title remains conditional until the debt is fully discharged.
What is the difference between sale and barter exchange?
the main distinction between sale&agency contract?
What is the difference between contract of sale and contract for sale?
Contract of SaleContract to SellTitle over the property passes to the buyer upon delivery unless there is a contrary agreementOwnership is retained by the seller whether or not there is delivery. Ownership passes to the buyer only upon full payment of the priceNon-payment of the purchase price is a negative resolutory condition, meaning the sale becomes ineffective upon the happening of such conditionThe payment in full is a positive suspensive condition, meaning, if the purchase price is not paid, the obligation to deliver and to transfer ownership on the part of the seller does not become effectiveAfter delivery of the objective, the seller loses ownership over it. Unless, the contract is set aside, he cannot recover the objectWhether there is delivery or not, the seller retains the ownership of the object. If the seller, due to non-payment of the price is ousting the buyer from the property, he (seller) is not rescinding the contract of sale but is precisely enforcing it.
What is an outflow of cash profitable operations the sale of equipment the sale of the company's common stock or the payment of cash dividends?
the payment of cash dividends
What is the difference between sale and higher puarchase?
sale refers to the ownership of the goods will transfer at the time of agreement itself. it is to seller to buyer. higher purchase refers to the payment made by the installment bases so the ownership of the goods will transfer after the payment of last installment is called higher purchase....
What is A government payment on the production or sale of a product?
excise tax
Can you sell your vehicle with a bill of sale?
You can sell your vehicle with a bill of sale. The title office will except a bill of sale as proof of ownership and payment.
What are the 2 kinds of contract of sales?
1.Absolute -- where the sale is not subject to any condition whatsoever and where the title passes to the buyer upon delivery of the thing sold.2.Conditional -- where the sale contemplates a contingency and where the contract is subject to certain conditions, usually in the case of the vendee, for the full payment of the agreed purchase price.
