Question

what is meant by cash transactions​

Answer 1

Answer:

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Explanation:

A cash transaction is the immediate payment of cash for the purchase of an asset. Some market stock transactions are considered cash transactions although the trade may not settle for a few day.

EXAMPLE OF CASH TRANSACTION

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. ... For example, you may buy some groceries at your local shop and pay for them in cash there and then, that's a cash transaction.Jul 16, 2015

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Answer 2

Answer:

A cash transaction is the immediate payment of

cash for the purchase of an asset. Some market

stock transactions are considered cash transactions although the trade may not settle

for a few days. A futures contract is not

considered a cash transaction.