In businesses, this is the routine matter that sold items are returned to the manufacturer or seller due to some defects in the packing or any other manufacturing fault. In accounting terminology, we treat it as sales return. Sales return…
Credit sales are the most common type of business transaction that happens in the indutry. Unlike cash sales, credit sales are made to customers without receiving any sort of payment. The credit sales are made on the basis of the…
Every day, billions of business in the world sells goods and services to its customers. Some pay on the spot and some after few days of the delivery. It all depends upon the mutual understanding of the buyers and sellers.…
