TOZZIBLINKZ
VIP Contributor
There is absolutely no business owner that would want to lose his or her customers and clients that is why they try all their best to make sure that they keep their various customers and clients close and more coordinated to themselves by issuing the business activity of credit selling . By definition and description the commercial activity of credit selling simply means when an individual sales of renders goods and services to his customers and clients without the immediate physical collection of cash but rather cash collection is to be taken sometime later in the future . There is no problem for a business to issue credit sell to its customers and clients but sometimes overdoing it could lead to the liquidity and to the bankruptcy of the business . Over credit selling of business goods and services to various customers and clients of a particular business organisation could lead to so much bad debt on the parts and on the business books of account of a particular business organisation and we all know that encountering a lot of bad debts in a particular business year simply means no or low business profits .
Some business organisations sometimes issue credit sale to their customers and clients without even keeping proper record of it . If you are a business owner and definitely acknowledge the business activity of credit sale in your business you must endeavour to keep track of the customer or client involved and also the amount of money you intend to receive from them .
Some business organisations sometimes issue credit sale to their customers and clients without even keeping proper record of it . If you are a business owner and definitely acknowledge the business activity of credit sale in your business you must endeavour to keep track of the customer or client involved and also the amount of money you intend to receive from them .