what is cash trancation
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A cash transaction refers to a transaction which involves an immediate outflow of cash towards the purchase of any goods, services, or assets. ... A cash transaction stands in contrast to other modes of payment, such as credit transactions in a business involving bills receivable.
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Answer:
cash transaction refers to a transaction which involves an immediate outflow of cash towards the purchase of any goods, services, or assets. ... A cash transaction stands in contrast to other modes of payment, such as credit transactions in a business involving bills receivable.
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