Credit sales.

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ER
84 Points Posted on 30 January 2023

why don't we charge interest for credit sales.

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On 30 January 2023 at 17:20 Report
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Quick Summary
This discussion explores why interest isn't typically charged on credit sales, often used as a sales promotion tool. It clarifies that interest can only be applied if it's explicitly agreed upon by the customer or included in a formal agreement. The key takeaway is that clear terms and customer consent are essential for charging interest on credit sales.

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CFO- at NHTF
58280 Points Posted on 30 January 2023
If it is part of agreement then you can charge interest.

Credit sales just to promote the sales . So you must give minimum time to pay for invoice
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On 30 January 2023 at 17:54
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Chartered Accountant
86505 Points Posted on 30 January 2023
You can charge if agreed by your customer or any agreement made for it.
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On 30 January 2023 at 21:21

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