Question

can any one tell the basic meaning of transaction in simple words n accountancy????
im new to accounts in class XI
need help

Answer 1

the transferring of money from one account to another is called transaction

Answer 2

Hey Mate here is your Ans ❤❤.......

An accounting transaction is a business event having a monetary impact on the financial statements of a business. It is recorded in the accounting records of the business. Examples of accounting transactions are: Sale in cash to a customer.

I hope it is easy to understand.....

Please mark me as BRAINLIEST ❤❤.....