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What are the types of business transaction?
Cash TransactionCredit TransactionBarter TransactionPaper Transaction
What does cash buying mean?
It means you pay for whatever you are buying in full at the time of the transaction.
What is cash-basis method?
Cash basis method is that in which all business transactions are recorded when actual cash is paid and not when actual transaction occured.
What is the difference between a forward contract and a cash transaction?
In a forward contract, you are setting the price now for something you'll buy later. A cash transaction involves setting the price for something you're buying today.
What is the difference between a cash transaction and a non cash transaction?
processing a transaction includes involves cash or non transaction and concept of different between two?
Explain Petty Cash Transactions?
Petty cash transactions are small, miscellaneous purchases or expenses. In business, there is usually a separate cash fund for this type of transaction.
What is cash inflow and outflow?
Exactly what it sounds like. A cash inflow means that cash is going into the company, and a cash outflow means cash is going out of the company.
What is the cash back fee for this transaction?
The cash back fee for this transaction is 3.
What is meant by nature of a transaction?
The phrase 'the nature of the transaction' refers to the kind of transaction that occurred. Some examples are a credit sale, a return, and a cash sale.
How do you purchase a personal computer?
You go to a computer store (Best Buy, Fry's, etc.) take the computer in the box, take it to the cash register, and be ready to pay by cash, change, debit, or credit. Then, after the cashier makes the transaction, you have just bought a computer.
What is a cash register slip?
A Cash register slip is a receipt used to prove of any transaction i.e. business or office. That helps when you purchase or sale any product give the information. I have business and used cash register which I have brought from bpafreerolls.com.
What is the key to winning in the cash flow business?
The key to winning in the cash flow business is to watch that you do not overspend and that on average each transaction has a profit. The occasional loss is OK, as long as in the long run you profit.
