Yes, companies often send checks as payment for equipment purchases.
Yes, Wendy's typically accepts 100 bills as payment for purchases.
Yes, gas stations typically accept cash as a form of payment for fuel and other purchases.
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
Many companies do not accept credit cards for payment. There can be many reasons for this, but a big factor is the fee credit card companies charge the seller in order to process the payment. This is most common in businesses such as restaurants or convenience shops that process a large number of small purchases, where it is not an unreasonable burden on the customer to pay in cash. Many companies operating online also find it safer and more reliable to accept only online payment processors like PayPal, not only is it typically less of an expense but the company does not have to be responsible for securing credit card data.
Medical receivables factoring is a term used when funding companies purchases their accounts receivable for health care providers. They immediately receive the payment once funding company purchases their accounts receivable.
Several purchases require a down payment. Some examples are houses, cars and boats. The amount of the down payment is negotiated between the buyer and the seller of the purchase.
He sent in the payment on his home loan. Your payment for purchases can be made by cash, check, or credit card.
Purchases journal is used to record purchases on account while Cash payment journal is used to record purchases for cash and cash payments.
Certifying officials are pecuniarily liable for GPC purchases they certify for payment that may later be determined illegal.
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.
It is the place where customers complete their purchases and payment for goods or services.
Visa cash back is a program that rewards consumers for using their Visa payment card to make purchases. Companies that offer these cards include PNC Bank, Wells Fargo and more popularly The Bank Of America.