What is unapplied cash payment income


Are you bothered about what an unapplied cash account is

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Are you bothered about what an unapplied cash account is? The answer to what is unapplied cash account can be simply defined by the nature of this account. This account records cash-based incomes for clients that are received by us but are not yet applied to any sales account. It is the absence of a declaration of such incomes which gives rise to this account for maintenance. 

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