Question

An act of exchange of things or services between the two parties is termed as______:-
a)ledger b)transfer c)transaction d)business

Answer 1

Answer:

D. business.

Explanation:

Thank you.

Answer 2

Transaction

A transaction is a finished arrangement between a purchaser and a vendor to trade merchandise, administrations, or monetary resources as a trade-off for cash. It includes a financial trade for a decent or administration. A transaction taking place between a purchaser and a merchant is moderately direct. Individual A pays individual B in return for an item or administration. At the point when they settle on the terms, cash is traded for a long-term benefit or administration, and the exchange is finished.