Is a credit transaction and explain why

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Problem 1: On January 10, 2020, customer Tanya took Php 5,000 worth of groceries to the cashier's counter and paid with a post-dated check, dated February 15, 2020, with the approval of the store manager. Is this a credit transaction? Explain.

Problem 2: On December 15, 2020, Liza King took Php 30,000 worth of garments and at the counter paid with a check dated January 5, 2021, which was approved and accepted. Is there a credit transaction here? Explain.

Reference no: EM132764266

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