Question

Define recording .
and
Define Business transactions.​

Answer 1

Answer:

Recording is a basic phase of accounting that is also known as bookkeeping. it record all financial transactions are recorded in a systematical and chronological manner in the appropriate books or databases. Accounting recorders are the documents and books involved in preparing financial statements.

business transaction is an event involving an interchange of goods, money or services between two or more parties. The business transacted can be between two parties engaged in business and conducting the transaction for their mutual benefits, or between a business entity, like a retail shop, and a customer.

Answer 2

the action or process of recording sound or a performance for subsequent reproduction or broadcast.

"a recording studio"

a recorded broadcast or performance.

plural noun: recordings

"a bootleg live recording"

a disc or tape on which sounds or visual images have been recorded.

A business transaction is an economic event with a third party that is recorded in an organization's accounting system. Such a transaction must be measurable in money. Examples of business transactions are: Buying insurance from an insurer. Buying inventory from a supplier.