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What are two advantages of using a credit card?
Two advantages of using a credit card are the ability to build a credit history and the convenience of making purchases without carrying cash.
What are the advantages of using a credit card?
The advantages of using a credit card include convenience for making purchases, building a credit history, earning rewards or cash back, and having fraud protection.
What are three alternatives to using credit for making purchases?
Three alternatives to using credit for making purchases are using cash, using a debit card, and using layaway plans.
Why is using cash the best option for making purchases?
Using cash for making purchases is often considered the best option because it helps you stick to a budget, avoids debt from credit cards, and provides a sense of security as there is no risk of identity theft or fraud.
Why do stores offer cash back to customers?
Stores offer cash back to customers as a convenience and to encourage additional purchases. It allows customers to access cash without needing to visit an ATM, and can also increase the likelihood of them making more purchases in the store.
What are two advantages of using a credit card?
Two advantages of using a credit card are the ability to build a credit history and the convenience of making purchases without carrying cash.
What are the advantages of using a credit card?
The advantages of using a credit card include convenience for making purchases, building a credit history, earning rewards or cash back, and having fraud protection.
What is the best way to avoid debt when making purchases?
Use cash.
What journals do you use to record purchases on account purchases for cash and cash payments?
Purchases journal is used to record purchases on account while Cash payment journal is used to record purchases for cash and cash payments.
What is entry of credit and cash purchases?
Debit Purchases Credit Cash
What are three alternatives to using credit for making purchases?
Three alternatives to using credit for making purchases are using cash, using a debit card, and using layaway plans.
Why is using cash the best option for making purchases?
Using cash for making purchases is often considered the best option because it helps you stick to a budget, avoids debt from credit cards, and provides a sense of security as there is no risk of identity theft or fraud.
What does Purchases journal?
Purchase journal is used to record "Credit Purchases" for resale purpose like supplies from suppliers and hence no cash purchases are recorded as cash purchases are recorded in cash payment journal.
Why do stores offer cash back to customers?
Stores offer cash back to customers as a convenience and to encourage additional purchases. It allows customers to access cash without needing to visit an ATM, and can also increase the likelihood of them making more purchases in the store.
Benefit of cash purchases?
Cash purchases can stay ' under the radar '. Cash purchases can be hard to identify and leaves no paper trail or digital evidence. A cash purchase does not involve any transaction fees for both ends.
What is difference between a cash payment journal and a purchases journal?
a cash payment journal is used to record only cash payment transactions where as the purchases journal is used to record ONLY purchases on account transactions
What is the process of earning and receiving cash back through a continuous loop?
The process of earning and receiving cash back through a continuous loop involves making purchases using a cash back credit card, earning a percentage of the purchase amount back as cash rewards, and then using that cash back to make more purchases, thus creating a continuous cycle of earning and receiving cash back.
