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Question

Which of the following is a cash transaction?

A
Sold goods
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B
Sold goods to a customer
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C
Sold goods to a customer on credit
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D
None of above
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Solution

The correct option is A Sold goods
This can be summarized as:
Sold Goods- It represent the sale of goods on cash as nothing is mentioned about customer name or sold on credit. Hence this is considered as cash sales.
Sold Goods to customer- Its a credit sale.
Sold goods to customer on credit- Its a credit sales.
Sold goods to customer on account- Its also a credit sales.

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