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When may cash be used as a means of payment?

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Cash can be used as a means of payment;

  • Where the amount involved is small
  • Where the payee does not accept other forms of payments
  • When it‘s the only means available
  • Where the payee requires cash urgently
  • Where there is need to avoid expenses associated with other means of payment.
  • When the credit of the buyer is doubtful.

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