boot is received
boot what is boot?!
It is cash
Okay why do we just call it cash? Because we don't want anyone to know what we're talking about. I guess back in the days the cowboys when they bought or sold a horse or a cow or something like that they took the cash and put it in their boot so boot and cash became synonymous.
It is cash
Okay why do we just call it cash? Because we don't want anyone to know what we're talking about. I guess back in the days the cowboys when they bought or sold a horse or a cow or something like that they took the cash and put it in their boot so boot and cash became synonymous.
The word boot is referred to as cash in accounting by accountants.
So in trade receivables when buying and selling those trades the word boot is used instead of cash so I've traded my old car to a building no boot is received no cash is received = no Gain.
So in trade receivables when buying and selling those trades the word boot is used instead of cash so I've traded my old car to a building no boot is received no cash is received = no Gain.