Sales on credit are immediately counted as cash receipts?

The correct answer to this open question is the following.

Sales on credit are not immediately counted as cash receipts.

When a good is sold and people pay for it with cash, that is counted as cash receipts. Other methods don't. If the product is sold on credit, the store is not receiving any cash at all. It is receiving a promise of pay that has to be payable by the credit institution or the bank.

whatever you can spend with $11.53 or under.

step-by-step explanation:

20 - 8.47 = 11.53. take away the money he used for lunch from the starting amount of 20.

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