Question

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What was the form of transaction then?
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What​

Answer 1

Answer:

A transaction is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets. ... The cash accounting method records a transaction only when the money is received or the expenses are paid.

Answer 2

Like Standard Form

Explanation:

• A transaction form is any standard form, whether it’s an attached information sheet or something that’s filled in afresh on every occasion, which forms a part of a business transaction.

• It contains important information about the work that’s planning to be done or the products that are getting to be supplied, what quantity goes to be paid, when various actions are progressing to be taken, etc.

• Looking on the type of business you use, your transaction forms will look different .

• Transaction forms differ from regular contracts of supply in this there’s a fresh one for every individual transaction.