In _____ Transaction personal account may or may not be involved while in ______ Transaction personal account is definitely involved.

In _ Transaction personal account may or may not be involved while in __ Transaction personal account is definitely involved.

ٹرانزیکشن میں ذاتی اکاؤنٹ شامل ہوسکتا ہے یا نہیں ہوسکتا ہے جبکہ ______ میں ٹرانزیکشن ذاتی اکاؤنٹ یقینی طور پر شامل ہے۔ _____

Answer: Cash, Credit

In a cash transaction, a personal account may or may not be involved because payments can be made directly in cash without any credit.

In a credit transaction, a personal account is definitely involved as the transaction is recorded in the name of a debtor or creditor.

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Audit Officer Past Papers and Syllabus (1 times)

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ACCOUNTING (1 times)