When goods are purchased for immediate cash payment these are called cash purchases.
If Mr. A purchased goods worth $2,000 on January 1, 2019 and payment is made by him on the
same day then this will be termed as cash purchases.
About the Author
True Tamplin, BSc, CEPF®
True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.
True contributes to his own finance dictionary, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.