Question

define transaction in simple language
please doesn't copy nd paste in google​

Answer 1

Answer:

A transaction is an agreement between a buyer and a seller to exchange goods, services or financial instruments. ... Accrual accounting records transactions when revenues or expenses are realized or incurred, while cash accounting records transactions when the business actually spends or receives money

Explanation:

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Answer 2

Answer:

A transaction is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets. ... The cash accounting method records a transaction only when the money is received or the expenses are paid.