BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Due date
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Terms of sale
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purchase order
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time of purchase
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Detailed explanation-1: -In the financial markets, a sale is an agreement between a buyer and seller involving the price of a security and its delivery for agreed-upon compensation. An item or service transferred by one party to another without an exchange of payment is not considered to be a sale, but rather a gift or a donation.
Detailed explanation-2: -What Is a Sales and Purchase Agreement (SPA)? A sales and purchase agreement (SPA) is a binding legal contract between two parties that obligates a transaction to occur between a buyer and seller. SPAs are typically used for real estate transactions, but they are found in other areas of business.
Detailed explanation-3: -Terms of sale definition is the terms which a buyer and seller agree upon. They are as important in exporting as they are with domestic sales. Terms of sale serve the purpose of creating uniform expectations between buyers and sellers.
Detailed explanation-4: -A transaction is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets in return for money.
Detailed explanation-5: -Definition: An agreement of sale constitutes the terms and conditions of sale of a property by the seller to the buyer. These terms and conditions include the amount at which it is to be sold and the future date of full payment.