Terms of trade/sales
Commerce SSS3 First Term
WEEK 3
Terms of trade/sales
Performance Objectives
The student should be able to:
1. Explain the terms of trade/sales.
Content
Terms of Sale
1. Cash sale: It involves the transfer of property or goods from the seller to the buyer on cash basis. Cash payment will be made immediately for goods sold to customers.
Types of Cash Sale
I. Prompt cash: Payment of cash for the goods within a few days
II. Spot cash: The buyer pays cash immediately for goods bought before taking them away.
III. Cash with Order (CWO):
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- Consumer protection
- Business documents
- Terms of trade/sales
- Means of payment
- Commercialization
- Capital market
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- Category SSS3
- Author ClassNotes Edu
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