Answer Posted / pavan
credit purhase is a purchase No need to Pay at the time of
Purchase but liable to be paid in future. the person to
whom we are liable is called creditor
Ex: Payment through cheques also Credit purchase
Absorve in the Bills there are two optins Cash/Credit
Purchase by cash its cash purchase
Purchase by Cheque its credit Purchase
We not paying cash at time of Purchase
| Is This Answer Correct ? | 127 Yes | 27 No |
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