GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Payment to creditors is a manifestation of cash held for
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Speculative Motive
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Precautionary Motive
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Transactionary Motive
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All of the above
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Explanation:
Detailed explanation-1: -Transactionary motive is one of them. It is the amount held by the business for day to day transactions such as payment of routine expenses or payment of creditors. Was this answer helpful?
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