E-commerce
In-House Instalment Plan — Receivable
Recording a sale where the store offers its own 4-instalment payment plan without a BNPL provider.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Instalment Receivable (Current) | Asset (+) | 75.00 | - |
| Instalment Receivable (Long-Term) | Asset (+) | 225.00 | - |
| Sales Revenue | Revenue (+) | - | 300.00 |
| Cost of Goods Sold | Expense (+) | 120.00 | - |
| Merchandise Inventory | Asset (-) | - | 120.00 |
💡 Accountant's Note
When the store itself offers instalment plans, full revenue is recognized at point of sale (control has passed). The receivable is split between current (due in 12 months) and long-term portions.
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