explain cash and credit transaction?
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The only difference between cash and credit transactions is the timing of the payment. A cash transaction is a transaction where payment is settled immediately. On the other hand, payment for a credit transaction is settled at a later date. ... That can also be classified as a cash transaction because you paid immediately.
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Answer:
The only difference between cash and credit transactions is the timing of the payment. A cash transaction is a transaction where payment is settled immediately. On the other hand, payment for a credit transaction is settled at a later date. ... That can also be classified as a cash transaction because you paid immediately.
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