Accountancy, asked by adityapalve92, 3 months ago

an exchange of money or moneys worth between two parties

Answers

Answered by wajahatkincsem
0

An exchange of money or money's worth between two parties  is known as "trade".

Explanation:

  • When the exchange of goods or services takes place between two or more parties in the form of money or as money equivalent then it is called "trade".
  • In trade, a person or individual possessing the services or goods transfers it to another person in return for money or money equivalent.
  • The exchange of global goods and services takes place through trade system.

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