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What is the word for paying later during a business transaction?
Wiki User
∙ 13y ago
It called paying "on time".
Wiki User
∙ 13y ago
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Why is it necessary for a business to keep records?
so that they can keep track of every transaction throught there business to prevent problems later on.
How does a cash transaction differ from a credit transaction?
A cash transaction is actually using money you have at the time ; A credit transaction is spending money that you don't actually pay immediately , but at a later date
What is the credit transaction?
Transaction that is settled with cash before or after the time of trade. dealings which you could pay for the good later.
Arrangement of buying now and paying later?
Credit
Is credit card a cash transaction?
Purchase with a credit card is not considered a cash transaction, as the person making the purchase does not pay for the item until they pay their credit card bill, which may not occur until much later.
How is a ledger or account book is maintained?
When a transaction occurs, a journal entry is made coinciding with this transaction. Later these transactions are posted from the journal to the ledger, then a trial balance is made to insure that the accounts are accurate and "balance".
Was electricity prevalent in New York for business and housing during the 1890's?
Yes it was prevalent for business and housing if you were rich. Street lamps were not electric until several years later. Slums had little to no electricity.
What is the difference between a forward contract and a cash transaction?
In a forward contract, you are setting the price now for something you'll buy later. A cash transaction involves setting the price for something you're buying today.
When should you pay rent again after paying for that month's rent?
a month later
Can a business charge your debit card without your permission or knowledge?
No. A better question might be how the business obtained the information. If it is due to a transaction that was later cancelled then the issue needs to be cleared up asap. Debit cards and the use of them are regulated by the issuing bank. Therefore, speaking with the bank's customer service would be the best place to begin, to resolve the problem.
Which form of payment allows someone to make purchases while paying for them later?
credit
Differences of business plan and business model?
Business plan is a literature containing information regarding the particular business and series of activities planned to conduct in doing that business at later stage. Business model is a graphical diagram showing the logical connections among several elements within the business. Business model contains a lot less information comparing to business plan but it is more easily to understand and better used as guideline during business execution.
