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Credit sale — OCR GCSE Business Definition | GradeGen

Home
Business
Key terms
Credit sale

GCSE Business · key term

Credit sale

Definition

A sale in which the customer receives goods or services now and pays later.

Used by OCR

How each exam board covers it

OCR GCSE Business · J204

Paper 2

Revise: Cash vs Profit

OCR Business past papers

Exam tips

1
Explain the cause of the difference: a credit sale can increase revenue before cash arrives, while a loan increases cash without increasing sales revenue or profit.

Related key terms

Cash
Cash flow
Net cash flow
Profit
Revenue

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