Terms of trade/sales

Commerce SSS3 First Term


Terms of trade/sales

Performance Objectives

The student should be able to:

        1. Explain the terms of trade/sales.


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): View More

Subscribe now to gain full access to this lesson note

Take Me There

Click here to gain access to the full notes.