JSCE Business Studies 2024 Objective — Question 22
Question 22 of 100 from the Junior Secondary Certificate Examination (JSCE) Business Studies 2024 Objective paper, with the correct answer and a full explanation.
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______ is described as method of installment payment where the seller allows the buyer to take complete possession of goods after making initial payment.
- A. Higher purchase
- B. Credit sales
- C. Deferred paymentCorrect
- D. Cash sales
Explanation
Under deferred payment the buyer takes full possession after an initial payment and pays the rest later.
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