Question

If neither the word cash nor the creditor's name is mentioned then whether it'll be a cash acc or a credit acc???​

Answer 1

In any transaction , if it is specified whether the payment has been made by cash / cheque , then it is a cash transaction.

In any transaction , if the creditor / buyers name is specified or it is specified that it is on credit , then it is credit transaction.

In case , neither cash nor the creditors name is given , we have to assume that the transaction is on cash basis , i.ie, it is cash transaction