Methods of Int. Payment (1 Viewer)

[aanthnnyyy]

Is there a difference between PREPAYMENT and PAYMENT IN ADVANCE...?

 

[enigma_1]

wat

I have never heard of prepayment. Did the syllabus change?

 

[aanthnnyyy]

wat

I have never heard of prepayment. Did the syllabus change?

nah syllabus says payment in advance but if I recall there was a hsc question and it was like whicch has least risk (idk mightve been greatest risk) and I think answer was PREPAYMENT and payment in advance wasn't there so I assumed

 

[Smooth Operator]

I think they can be used interchangeably, I would stick to the one the syllabus says though. Essentially they are the same thing.

 

[Drifting95]

Pretty much the same thing but always use the correct syllabus term when possible

nah syllabus says payment in advance but if I recall there was a hsc question and it was like whicch has least risk (idk mightve been greatest risk) and I think answer was PREPAYMENT and payment in advance wasn't there so I assumed

Was it a hsc paper or trial paper? I'd be very surprised if they used that in the hsc however i'm happy to be proven wrong.

 

[aanthnnyyy]

Pretty much the same thing but always use the correct syllabus term when possible



Was it a hsc paper or trial paper? I'd be very surprised if they used that in the hsc however i'm happy to be proven wrong.

Don't worry guys I realized its Payment In Advance.- the syllabus changed in 2010 so terms such as Open Account and Prepayment are no longer part of the syllabus