what is transaction?
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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 |
Answer / narasimha rao
transactin means transfer of money or money worth between
two parties
Is This Answer Correct ? | 3 Yes | 1 No |
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 |
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 |
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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