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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 Credit transaction ?
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Answer

A transaction in which payment / receipt of cash / cheque is suspended off for some period then it is known as credit transaction.

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