Question

Distinguish between cash and credit transaction. (any two points)​

Answer 1

Answer:

Your ans will be:

The difference between cash and credit transaction are:

Cash transaction:

• A cash transaction is a transaction where payment is settled immediately.
• When you pay with cash, you hand over the money, take your goods and you are done.

Credit transaction:

• Credit transaction is a payment for a credit transaction is settled at a later date.
• When you pay with credit, you borrow money from someone else to pay.

Hope so it will help you..✌️