Question

Explain the business transaction and its features

Answer 1

A business transaction must have the following characteristics: It must be for a sum certain in money (i.e., of a financial value) It must be supported by a source document (e.g. sales invoice, official receipt, disbursement voucher, remittance advice, etc.) It must have a two-fold effect in the elements of accounting.

A business is the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. There are three key characteristics that must be met to have a business: First, businesses must be the result of individuals working together in an organized way.

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Answer 2

Answer:

business I didn't know because I am child only

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