0
If you are having creditworthiness in the market, the seller will offer you credit against your purchase. The period of credit depends on volume of purchase and your worthiness. The same principle is applied to company to company transactions.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
How much is a two percent purchase on a credit card?
It will depend on how much your credit limit is. For example, if your credit card limit is $500, a two percent purchase on your credit card would be $10.00
Where to purchase a good credit score from someone?
You cannot purchase your personal credit record from someone else. It is your credit history that has been reported by your creditors to the central credit data gathering agencies. It's like asking, "Where can I purchase a good dental record?"
What is the purchase of equipment on credit recorded by?
A debit to equipment and a credit to liability
Where can one purchase a business credit card machine?
Credit card machines are used by businesses to process payments made by consumers using a credit card. These machines can be bought through specialty retailers such as Merchant Warehouse, Staples, and MerchantEquip.
What does your credit score have to be to purchase a house?
if you can afford it.
How does consumer credit work?
Consumer credit can be considered to be a complicated work of art. When a credit purchase is made it affects the credit score. Having good credit is essential to making huge purchase such as a house or a car.
When a purchase on account is made the invoice becomes debit or credit?
A debit to the vendor's subsidiary account.
What is the term for a small plastic card that allows a purchase to be made based on the promise that the consumer will pay for the purchase later?
Credit card??
Can a business force you to accept a credit to your credit card for a returned purchase that you did not make on a credit card?
No. I don't see how that could be possible. CCC's will only credit an account for a purchase that has been made on that account. I don't understand how or why a business would think they could make that type of transaction.
Where can an American purchase a Mazda vehicle even though they have bad credit?
In 2010 Mazda made an announcement that they were to launch a Certified Pre-Owned Programme which would allow customers with poor credit to purchase a vehicle.
What is the definition of a automoble straw purchase?
A straw purchase is a purchase that is made on behalf of someone else. An automobile straw purchase made by a person other than the new owner, usually because the new owner has poor credit or is otherwise unable to make the purchase themselves.
What is the function of credit reporting agencies?
Credit reporting agencies keep files of information on all consumers who have made credit transactions at some point in their lives. Credit granting institutions may purchase these files
When a purchase on account is made does the invoice become a debit or credit memo?
A debit to the vendor's subsidiary account.
When a purchase on account is made does the invoice becomes a debit or credit memo?
A debit to the vendor's subsidiary account.
What is the credit entry for purchase?
purchase a/c Dr To Customer Name (Being Credit Purchase to C ' Name Rs)
You may have made a purchase with your credit or debit card at a store and were asked by a store clerk if you wish to have cash above the amount of your purchase If you say yes you?
false
What is the double entry for recording a credit purchase?
Here is the accounting entry for recording the credit purchase: Purchases a/c Accounts Payable Here is the entry to writte off when payment made Accounts Payable Cash/Bank a/c
