Question

An event involving some value between two or more entities which can be a purchase of goods, receipt of money, payment to a creditor etc. is called :​

Answer 1

Answer:

transection

Explanation:

An event involving some value between two or more entities. It can be purchase of goods, receipt of money, payment of creditor, incurring expenses, etc. It can be a cash transaction or a credit transaction. A transaction is a business event that has a monetary impact on an entity's financial statements, and is recorded as an entry in its accounting records. A high-volume transaction, such as billing to a customer, may be recorded in a specialized journal, which is then summarized and posted to the general ledger. Alternatively, lower-volume transactions are posted directly to the general ledger.

Answer 2

Answer:

THE ANSWER IS TRANSACTION.........

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