Question

Cash and Credit Transactions
10. State with reasons whether the following transactions are cash transactions or credit
transactions 2
(0) Goods purchased for 35.200.
(ii) Goods purchased for cash 45,300,
(ui) Cash purchases 10,000.
(iv) Goods purchased from Maneka for cash 18,350.
(v) Goods purchased from Maneka 31.250.
(vi) Goods purchased from Maneka on credit 12,500.
(vii) Goods purchased from Maneks 55,000.
(viii) Goods purchased on credit24,000.
(ix) Goods purchased from Maneka on account 25,600.

Answer 1

Answer:

1. Cash

2. Cash

3.Cash

4.Cash

5.Credit

6.Credit

7.Credit

8.Credit

9.Credit

3.