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Journalize A 10000 deposit from XYZ for 2000 unit of product XYZ has 20 days to purchase the good for the fair market value of the goods on the date of purchase otherwise the deposit will be refund?
Wiki User
∙ 9y ago
[Debit] Cash / bank 10000
Credit Customer deposit 10000
Wiki User
∙ 9y ago
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Does a deposit obligate you to purchase the product?
You need to read the terms of service before signing any contract or putting down a deposit. Probably depends on what you are purchasing. For high dollar purchase, a purchase might be a custom order, and if the order was canceled, it might be subject to restocking fees.
Where can you purchase the product Britesmile?
You can purchase the product Britesmile from their website. You can also purchase it from your dentist.
Will a product tend to be elastic or inelastic if the purchase of a product can be delayed?
The product will tend to be elastic if the purchase of a product could possibly be delayed.
Where can one purchase sound devices online?
If you are searching for a specific brand, you can use the brand's website to find official resellers of their product. Otherwise, there are many sites available that allow you to browse from a wide selection of sound devices and easily purchase them.
Is interest on fixed deposit an expense or income?
To the depositor, it is an income but to the bank or institution providing the fixed deposit as a product, it is an expense.
What does putting down a deposit mean?
Putting down a deposit means making an initial payment to secure a product or service. It often indicates a commitment to completing a purchase or reservation, with the remaining payment due at a later date. Deposits are typically non-refundable in case of cancellation or default.
Which financial product typically pays the highest rate of interest?
certificate of deposit
What are tying or bundling agreement?
The condition imposed by a seller which obliges a buyer to agree to purchase an additional product (tied product) if they wish to purchase their desired product (tying product).
Shaw Carpet Stain and Soil Remover Where can one purchase this product?
you can purchase this product at walmart,a durg store.
Is purchase funnel synonyms to product testing?
No - the purchase funnel is method of describing the customer journey to the point of buying a product
When a company produces a large quantity of a product but not many people purchase the product is true?
When a company produces a large quantity of a product but not many people purchase the product the supply is high, demand is low, and the product is priced low.
Is there a product warranty?
It matters where you purchase your amplifier. To make sure you have a product warranty, you need to ask the sales person before you purchase it.
