Practicing Success
Identify the cash transaction from the following: |
Purchase of machinery by issue of preference shares Redemption of Debentures by issuing equity shares Issue of Debentures as collateral security Purchase of land by taking loan |
Purchase of land by taking loan |
Purchase of land by taking loan- Loan is taken from the financial institution due to which bank balance arise to the business from which it purchases land. So it a cash transaction. |