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P1 C2 Dual Effect of Transactions and Types ofAccounts — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C2 Dual Effect of Transactions and Types ofAccounts1 Mark
Question
What is cash transaction ?
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Answer

When immediate payment or receipt takes place through cash or cheque for the goods, assetsor services transactions then it is known as cash transaction.

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