Which of the following is a credit transaction?

Sold goods

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Sold goods for cash

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Sold goods to a customer for cash

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Sold goods to a customer

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Solution

The correct option is D Sold goods to a customer
Sold goods to customer is defined as credit sales.

Rest three statements are specifically denotes cash sales.

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Similar questions

Q. When a customer returns goods a statement called " ________" is sent to him. This informs the customer that his account has been credited to the extent of value of the goods returned.

When amount is received for the amount of goods that needs to be provided to a customer in later period is credited to _______ account.

Q. A manufacturer marks his goods at 40% above the cost price. He allows a discount of 10% for cash customers and 5% to credit customers.

\frac{3}{5}

of the goods are sold for cash and the rest on credit. What is the percentage of profit when all the goods are sold and amount realised ?

Q. A Customer returning the goods purchased on credit, may inform the seller by sending _______________.

In case of discount given to customer to whom the goods were sold on credit, which of the following account is debited & credited respectively at the time of receipt of payment?

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Which of the following is a credit transaction?

The correct option is D Sold goods to a customerSold goods to customer is defined as credit sales. Rest three statements are specifically denotes cash sales.

The correct option is D Sold goods to a customer
Sold goods to customer is defined as credit sales.

Rest three statements are specifically denotes cash sales.