When money is used to make payment for goods, services and financial assets?
Expert Answer
Money for payment of goods
In case of raw material purchases, there are two ways to make the purchase either in cash or in credit. Credit payment is preferred by the company but in cases where the credit rating of the company is not up to the mark and the supplier is not allowing credit the company will be forced to pay in cash.
The same goes for services.
Financial assets are most of the time bought in cash itself basically because of the huge amount involved
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