Question

4 features of business transaction

Answer 1

ANSWER:

DEFINITION -

BUSINESS TRANSACTION :- it is an event involving some monrtary value between two or more entities , and it is capable of changing the financial position of the enterprise.

FEATURES:-

• it is concerned with money's worth of goods and services.
• it arises out of the transfer or exchange of goods and services.
• it has an effect on the accounting equation of any business form.

HOPE , IT IS HELPFUL TO YOU!!

MARK AS BRAINLIEST

Answer 2

Answer:

Features of business transaction are:

• It must be for a sum certain in money

• It must have a two-fold effect in the elements of accounting

• The event must result in transfer of money or property

• The even must change the financial position of business.

Hope this answer helps you mate ^_^ !