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Here we focus on Credit Sales process or Accounts Receivable Process which is based on Sales made on account or credit basis. we already know about Accounts Receivable who bought goods from company on credit basis and agree to pay at a specified time period, usually within one month. What is Accounts Receivable Process It is a process in which goods / products sold or services rendered to customers on Credit Basis or On Account agreed upon under the Contract of Sale. We can state Accounts Receivable Process or Creating a Credit Sales Processing in the below mentioned Steps: 1. Establishing Business Transaction Between Seller And Buyer (Contract of Sale) Every Sales made is started with an oral or a written order received from the customer (buyer). This order can be given either by physically visiting to the location of business or through electronic mediums like fax, Email, Online Shop, etc. Then an invoice is issued agai...