what are the major documents used in credit transaction
Well, this is an ambiguous question, so I will answer for all the possible interpretations for the benefit of the reader:1. When you apply for a credit card if the application is successful then it is said that your card has been approved2. When a card is swiped through at the terminal or eft point, the credit provider's server is connected to enable to processing of the transaction. When the transaction is successfully processed, people often use the term the card approved / transaction approved...Hope this helps!
using card holder.
A cash transaction is actually using money you have at the time ; A credit transaction is spending money that you don't actually pay immediately , but at a later date
Usually "on approved credit" Means if you're approved you get credit
explain the difference between cash and credit transaction
Paying by cheque is a cash transaction. Assets: debit =increase credit=decrease
paper transaction is the transaction against which on credit or cash received or paid it is just in papers
It is a five or six numbers generated by an issuing bank, using a credit card, for the purpose of validating a credit card whenever it is approved in the sale of a service. Here the authorization code is to approve the transaction. Here i prefer virtual credit card for transactions.
yeah...pending in banking means that transaction is in process whether it is a credit or debit on an account.