Question

Briefly discuss the relationship between different types of transactions​

Answer 1

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Types of Accounting Transactions based on Institutional Relationship

• External transactions. These involve the trading of goods and services with money.
• Internal transactions.
• Cash transactions.
• Non-cash transactions.
• Credit transactions.
• Visible transactions.
• Invisible transactions.
• Business transactions.

Answer 2

Answer:

Types of Accounting Transactions based on Institutional Relationship

External transactions. These involve the trading of goods and services with money. ...

Internal transactions. ...

Cash transactions. ...

Non-cash transactions. ...

Credit transactions. ...

Visible transactions. ...

Invisible transactions. ...

Business transactions.

Explanation:

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