What is Credit Sale?
A credit sale is a sale where the customer takes the goods now and pays later, so the amount is recorded as money owed to the shop.
Updated
Meaning
English
A credit sale is a sale where the customer takes the goods now and pays later, so the amount is recorded as money owed to the shop.
Roman Urdu
Credit sale ka matlab hai gahak maal abhi le aur paise baad me de, aur woh raqam dukaan ke liye udhaar me likhi jaye.
Also called sale on credit, udhaar sale.
Example
A contractor takes materials worth 30,000 rupees on credit. The shop records it against his name with a due date and a limit.
Keep it safe
A credit sale is a profit only when the money comes back. Set a limit per customer, write the due date and record every payment. Check old balances before giving more credit. See udhaar, khata and cash vs credit sales.
In Nafaa
Nafaa posts an unpaid bill to the customer's khata, shows balances by age and sends WhatsApp reminders. See digital khata.
Related terms
- Udhaar
Udhaar is credit given to a customer: goods are taken now and paid for later.
- Khata
A khata is a ledger, traditionally a paper register, that records what each customer owes a shop on credit and what they have paid back.
- Credit Terms
Credit terms are the conditions on which goods are sold on credit, mainly the number of days allowed before payment is due and any limit or discount for early payment.