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Establishments may sell goods or provide services in cash or on account (on credit). In about 700 words, write an article about forwarding selling in
Establishments may sell goods or provide services in cash or on account (on credit). In about 700 words, write an article about forwarding selling in terms of: -The difference between it and the cash sale, with an example showing the journal entry in case the sale was on credit. -The advantages that the facility may achieve as a result of the deferred sale, and what are the risks to which it may be exposed. -The difference between bad debts and doubtful debts. -Methods of dealing with bad and doubtful debts.
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