Cash Purchases

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Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on April 06, 2024

Cash Purchases Definition

When goods are purchased for immediate cash payment these are called cash purchases.

Example

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.

Cash Purchases FAQs

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About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, 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.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.