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What form of business organization accounts for almost 85 percent of all sales revenues in the US?
A corporation
The account that appears in the chart of accounts for a merchandising business but not for a service business?
Sales
What two accounts are affected when a business receives cash from sales?
me
Is cash on demand an accounts receivable payment term not standard in business?
No, Accounts receivable are amounts due from customers for credit sales
What is the aim of an accounts SBA?
To keep records of the sales and purchases made by a business as well as it capitals. And to find out if the business is making a profit or loss.
Which form of business organization accounts for the largest proportion of business sales in the US?
Sole Proprietoships and Corporations.
What form of business organization accounts for almost 85 percent of all sales revenues in the US?
A corporation
What is departmental telephone?
A telephone number or extension that is dedicated to a particular business function of an organization. eg the sales department; the accounts department.
The account that appears in the chart of accounts for a merchandising business but not for a service business?
Sales
What two accounts are affected when a business receives cash from sales?
me
What does corporate sales mean?
selling business to business / companies handling only coporate accounts.
Why do debtors of a business want to use accounts?
Be sure that after-sales services will continue
Is cash on demand an accounts receivable payment term not standard in business?
No, Accounts receivable are amounts due from customers for credit sales
What is business forecasting?
Business forecasting is basically an estimate of the future developments in a business or organization. This would include sales, expenditures, and profits.
What are sales leads and why are they used?
Sales leads help a business identify potential customers that have expressed interest in a product or service. The identification of these leads are produced by a marketing or sales organization. These leads can produce a great number of sales for a business.
Function of a sales department in hotel?
The function of a sales department in a hotel is to attract or get business for the hotel. Sales managers often specialize in conventions, tours, or corporate accounts for the hotel.
What is the journal entry for credit sales?
Accounts-receivable@ Sales(sales being in your Results and accounts-receivable in your balance sheet)
