Question

explain the characteristics of business transactions 3 mark question​

Answer 1

Answer:

time pe ane wale chale bhi jate hai vo hamko sikhate hai fool aur Kate chubate nahi vo hamko sikhate hai

Answer 2

Answer:

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.

Explanation: