Monday, August 04, 2008, @3:12 AM!
Cash purchases is when you pay the supplier for the stocks they purchase on the spot, cash sales is when customers pay you when they buy on the spot.
Cash paid/cash received is not cash purchases or cash sales. Cash paid is like payment to creditors and cash received is like receipts from debtors, just that it's in terms of cash!
& I left home for school without knowing that I forgot to bring my pe shorts. Reached school and went back home and went back to school again. (-.-)
:O
How dumb and stupid of me? ):):):