- A sale made on terms in which cash is to be paid at an agreed future date. As the debtors, who are customers to whom credit sales have been made, pay, the debtors' control account balance will be reduced.
Accounting dictionary. 2014.
Look at other dictionaries:
credit sale — The sale of goods, which immediately become the property of the customer, but where the price is payable by instalments. HM Customs & Revenue Glossary * * * credit sale credit sale ➔ sale * * * credit sale UK US noun [C] ► COMMERCE a sale of a… … Financial and business terms
credit sale — A sale in which the buyer is permitted to pay for the goods at a later time, as contrasted with a cash sale. Any sale with respect to which consumer credit is extended or arranged by the seller. The term includes any contract in the form of a… … Black's law dictionary
credit sale — / kredɪt seɪl/ noun a sale where the purchaser will pay for the goods bought at a later date … Marketing dictionary in english
credit sale — Fin a sale for which the buyer need not pay immediately … The ultimate business dictionary
credit sale agreement — See hire purchase … Big dictionary of business and management
sale — n 1 a: the transfer of title to property from one party to another for a price; also: the contract of such a transaction see also short 1 2 compare barter, donation … Law dictionary
credit sales — [plural] ► ACCOUNTING the sums of money that a company shows in its accounts for sales of products that buyers have agreed to pay for in the future: »At year end credit sales amounted to £1,300. Main Entry: ↑credit sale … Financial and business terms
sale — An agreement between a buyer and a seller on the price to be paid for a security, followed by delivery. Bloomberg Financial Dictionary * * * sale sale [seɪl] noun 1. [countable, uncountable] COMMERCE the act of selling someone property, food, or… … Financial and business terms
sale — A contract between two parties, called, respectively, the seller (or vendor) and the buyer (or purchaser), by which the former, in consideration of the payment or promise of payment of a certain price in money, transfers to the latter the title… … Black's law dictionary
credit — n. & v. n. 1 (usu. of a person) a source of honour, pride, etc. (is a credit to the school). 2 the acknowledgement of merit (must give him credit for consistency). 3 a good reputation (his credit stands high). 4 a belief or trust (I place credit… … Useful english dictionary