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what is transaction?

Answers were Sorted based on User's Feedback



what is transaction?..

Answer / chandu

Transaction means any work or exchange of goods or
services,in accounting we are considering all
financial(which have monetary character means measure in
monitory terms) issues are transactions.

Is This Answer Correct ?    10 Yes 1 No

what is transaction?..

Answer / narasimha rao

transactin means transfer of money or money worth between
two parties

Is This Answer Correct ?    3 Yes 1 No

what is transaction?..

Answer / srinivas chowdary

Transaction is an event that changes the organisations

financial position and/or it's earnings.

exp1:when an amount of rs 5000 is deposited in xyz bank

then the cash balance reduces ,bank balance increases

exp2: in the same way when some body sold some stock for cash

then the stock reduces and cash increases.

Is This Answer Correct ?    1 Yes 0 No

what is transaction?..

Answer / raghavendra

business transaction refers to business activity deals with
exchange of goods and service gives moneys and money worth

Is This Answer Correct ?    1 Yes 0 No

what is transaction?..

Answer / neha gupta

rranssation is that where we exchange of goods trassacts
the goocs in acconting it is the right mean of transsaction.

Is This Answer Correct ?    0 Yes 1 No

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