Non-cash transactions The transaction which does not involve any cash dealings is known as non-cash transactions. In these type transactions there will not be any inflow or outflow of cash. Simply put, the transaction which does not have an impact on the inflow or outflow of cash is called as non-cash transactions. To Describe: The importance of certain non-cash transactions and to state the disclosure of them.

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Chapter 12, Problem 5Q

To determine

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Non-cash transactions

The transaction which does not involve any cash dealings is known as non-cash transactions. In these type transactions there will not be any inflow or outflow of cash. Simply put, the transaction which does not have an impact on the inflow or outflow of cash is called as non-cash transactions.

To Describe: The importance of certain non-cash transactions and to state the disclosure of them.

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