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Asset
an asset
Sundry Debtors
yes
In order to credit a customer in the account, a credit note must be issued. After that is done, a journal entry can be made to indicate the credit.
When a sale is made to a customer on credit, it creates an AR which is classified by the company as an accounts receivable.
Asset
Sundry Debtors
an asset
Sundry Debtors
no, its not
yes
In order to credit a customer in the account, a credit note must be issued. After that is done, a journal entry can be made to indicate the credit.
In cash sales, payments are made instantly by the buyer/customer to the seller, where as in credit sales, the payments are generally made after a specific period as agreed upon between the buyer and the seller.
Price wrong. Promises made wrong. Credit terms unacceptable Customer bad credit risk. Like that?
Currently, there is no type of insurance available for merchants that will reimburse you for payments made with stolen credit cards. Therefore, it is the main concern of most merchants whether or not there will be a high incidence of fraud or chargebacks. Chargebacks are reversals against a sale that was credited to your account. For example, if the customer�s bank made an error, if there was a customer misunderstanding, or if a purchase was made with a stolen credit card, the cardholder�s bank will reverse the sale, and you, the merchant, will be required to provide proof that the goods and services in question were purchased by the customer, and that you provided them to the customer. In a normal situation, actual products are considered to be much safer than services, because there is not as much wiggle room for the customer to dispute. Also, when a customer receives his purchased goods immediately, a credit card payment made for those goods is viewed as being less risky. This risk of fraud and chargebacks is greatly dependant on the type of business you are operating and the type of credit card transactions that your company performs. Point-of-sale transactions, which allow you or the customer to swipe the credit card, require a customer signature. When you have a customer signature on file for a purchase, you have more insurance than if you generally accept �card absent� transactions, in which you accept credit card payments over the phone, by mail or over the Internet.
The customer service number for Massage Warehouse is 1 888 918 2253. Payment for products purchased at Massage Warehouse can be made by credit card or personal check. Among the credit card options are Visa , MasterCard and American Express.