Cash Transaction

A Cash Transaction is an economic transaction that are settled immediately in cash.

• Context:
  • It can range from being a Person-to-Person Cash Transaction to being a Person-to-Organization Cash Transaction to being an Organization-to-Organization Cash Transaction.
  • It can range from being a Cash Transaction Instance to being a Cash Transaction Concept.
  • It can (often) be classified under an Organization Cash Account (as either a Cash Receipt or Cash Payment).
  • …
• Counter-Example(s):
  • a Deferred Payment Transaction.
• See: Cash Account, Cash Accounting Method.

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References

2014

• http://accounting-simplified.com/accounting-for-cash-transactions.html
  • QUOTE: Cash transactions are ones that are settled immediately in cash. Cash transactions also include transactions made through cheques. Cash transactions may be classified into cash receipts and cash payments.

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