The transaction that takes place between two parties is called a transaction. One side is the buyer and the other side is the seller. The behavior is as follows.
cash transactions
- The transactions in which the following words occur are called cash transactions.
- Such as cash received, repaid, or the name of any person or institution not being named in practice.
- For example, rent paid, the commission received, and goods sold.
lending practices
- Transactions in which the words cash paid, or received, do not appear but the name of a person, institution, or company appears, are called credit transactions. Like buying goods from Dildar, bought furniture from Javed.
