Give the word term or phrase which can substitute each of the followin

1.	Give the word term or phrase which can substitute each of the following statement :(i) Dealings between two persons.(ii) Business transaction in which cash is not paid or received immediately.(iii) An allowance is given by the receiver of the cash to the giver of cash at the time of payment.(iv) Cash Discount(v) Liability depends on the happening or not happening a certain event.
Answer» (i) Transaction (ii) Credit Transaction (iii) Cash Discount (iv) Contingent Liability (v) Capital Expenditure

Give the word term or phrase which can substitute each of the following statement :(i) Dealings between two persons.(ii) Business transaction in which cash is not paid or received immediately.(iii) An allowance is given by the receiver of the cash to the giver of cash at the time of payment.(iv) Cash Discount(v) Liability depends on the happening or not happening a certain event.

Answer»

(i) Transaction

(ii) Credit Transaction

(iii) Cash Discount

(iv) Contingent Liability

(v) Capital Expenditure