What is defiantion of cash in advance?

- Newsfeed
- Find People
- More
- - Products By Bayt.com
    
    Bayt.com
    
    Shagheel
    
    Specialities
    
    Learning
    
    Companies
    
    Salaries
    
    People
    
    Blog
    
    Podcasts
- - العربية
- Use Our Mobile App
  
  Get contacted by recruiters directly with our newest chat feature!
  
  Download Now

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
What is the best cash advance app?
Posted by:
Shael lee
16-September-2021

Trade Finance Traders

Question added by khaled Elfakih, CMA , Branch Operation Head , Commercial International Bank
Date Posted: 2014/06/20

Upvote (0) Views (1) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

by Mukesh Khatri , Manager , Kotak Mahindra Bank Ltd

A remittance made by the buyer prior to the dispatch of goods in cash in advance.

Upvote (0)

Downvote Reply () Report

Popular Searches

Engineers Jobs Sales Executive Jobs Accountant Jobs Software Engineer Jobs Engineering Technicians Jobs

Write Your Answer

More Questions Like This

At the top of the pyramid of financial behavior is: a)management of cash,b)protection and buffer c)save for a specific purpose,d)asset management.
Top Answer: <p>D: (at the very top of the pyramid there is a wealth management)</p> See More

Answers (12)
What are net incremental cash flows?
Top Answer: Net incremental cash flows are the combination of the cash inflows and the cash outflows occurring in the ... See More

Answers (3)
Which of the following items would you classify as cash or cash equivalents in line with IAS 7?
Top Answer: Yes, the correct answer is option no.3 See More

Answers (16)
Why do companies require deposits & advances?
Top Answer: Companies take deposits and advances to improve their cash flow in long duration project. This is from c ... See More

Answers (4)