How to recognise cash transaction?
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The common definition of a cash transaction is an immediate payment for the goods or services bought. However, the term can have diverse meanings. For example, in the Indian stock market, a transaction of the purchase of sale in the delivery segment is cash transaction though the settlement happens on a T+2 basis.
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Explanation:
The common definition of a cash transaction is an immediate payment for the goods or services bought. However, the term can have diverse meanings. For example, in the Indian stock market, a transaction of the purchase of sale in the delivery segment is cash transaction through the settlement happens on a T + 2 basis
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