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How does a cash transaction differ from a credit transaction?
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
Is credit card a cash transaction?
Purchase with a credit card is not considered a cash transaction, as the person making the purchase does not pay for the item until they pay their credit card bill, which may not occur until much later.
What is meant by paper transaction?
paper transaction is the transaction against which on credit or cash received or paid it is just in papers
What is accountable transaction?
Any commercial transaction involving payment or receipt of cash towards availing of a product or service is an accountable transaction
What is the journal entry for down payment of cash?
[Debit] Down payment xxxx [Credit] cash xxxx
What happens if you cash a voided check?
If you cash a voided check, the bank will not honor it and the transaction will not go through. This is because voided checks are not valid for payment.
Explain the difference between a cash and credit transaction for purchass and sales?
explain the difference between cash and credit transaction
How does a cash transaction differ from a credit transaction?
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
How do you use the word payment in a sentence?
He sent in the payment on his home loan. Your payment for purchases can be made by cash, check, or credit card.
Is a cash checking business such as Ace Cash Express exempt from stop payment checks?
Check cashing business are not exempt from stop payment orders. If the order has been given before the check is cashed, they cannot complete the transaction.
How can I obtain a cashier's check or cash for this transaction?
To obtain a cashier's check or cash for a transaction, you can visit a bank or credit union where you have an account. Request a cashier's check from the teller by providing the necessary funds and recipient information. If you need cash, you can withdraw the desired amount from your account at the bank's counter or ATM.
What are the different modes of payment?
Cash, check, credit card, debit card, gift card.
Do flea markets take credit cards?
If the individual vendors want to pay the transaction fees, they will offer to take payment. But, in my experience, it is best to have cash.
What is meant transaction?
paper transaction is the transaction against which on credit or cash received or paid it is just in papers
What is meant by transaction?
paper transaction is the transaction against which on credit or cash received or paid it is just in papers
Does dealextreme accept cash?
no,they can't accept cash they can accept payment by Paypal ,if you have credit card or debate card or other card,you can register in Paypal and fulfill the Payment if you have a credit card,you can also pay directly by credit card,check out by method three
How do you record a check received on a balance sheet?
A check received doesn't actually go on the "balance sheet" but instead is debited to the cash account. When receiving a check, debit cash and credit the appropriate account for the transaction.
