Credit Sales
When a customer makes a sale, they may have several options including paying cash, using a debit card, using a credit card or charging it to their account with the company.
This level includes:
- Use of Credit Card and receiving the money the same day
- Use of Credit Card and receiving the money in the future
- Charging to the company's receivables account
- Payment on account both within and outside the discount period
The exercises are the same, but with different amounts.