After a sale to an A/R Customer is made
An invoice with payment terms and a due date is sent to the customer.
Asset
an asset
Sundry Debtors
After a sale to an A/R Customer is made
An invoice with payment terms and a due date is sent to the customer.
A business man agrees on a sale that the customer and it made.
customer and the percentage made from the sale.......... silly
Asset
When a sale is made to a customer on credit, it creates an AR which is classified by the company as an accounts receivable.
an asset
Sundry Debtors
Sundry Debtors
The point of sale system in reference to the customer is going to overall enhance their shopping/buying experience. Less mistakes will be made, it should speed up their time at the register. The POS system can store their information for future use, process credit card trasactions. In my opinion there are no disadvantages for the customer with a well working point of sale system.
When a sale is made to a customer on credit, it creates an account receivable (AR) on the balance sheet. This transaction reflects the amount owed to the company by the customer for goods or services delivered but not yet paid for. The account receivable is considered an asset because it represents a future inflow of cash.
A cash sale occurs when a customer purchases a product or service and pays for it immediately in cash or with a debit card. For example, when someone buys a coffee at a café and pays with cash at the counter, that transaction is considered a cash sale. This type of sale typically involves no credit or deferred payment terms.