Question

under instalment payment system,the seller treat the transaction as a
a)cash sale
b)credit sale
c) no sale
d)non of the above
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Answer 1

Answer:

b) credit sale.......

Answer 2

Concept Introduction:

Instalment payments are a payment plan arranged between the buyer and the seller. It's usually clearly stated in the payment terms in a contract or on an invoice. These payments are generally arranged for a large order.

Explanation:

We have been given in a multiple-choice question

We have to find the correct option

An instalment payment system is a credit sale system in which payments are made in instalments over a period of time. In this system, the buyer gets possession of the goods as well as the ownership of the goods right at the time of signing the agreement.

Final Answer:

The final answer is option b) credit sale

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