Question

features of transaction​

Answer 1

Answer:

There must be two parties: No transaction is possible without two parties. ...

The event must be measurable in terms of money: ...

The event must result in transfer of property or service: ...

The event must change the financial position of the business:

Explanation:

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Answer 2

Features of Business Transaction:

. There must be two parties: No transaction is possible without two parties. ...

. The event must be measurable in terms of money: ...

. The event must result in transfer of property or service: ...

. The event must change the financial position of the business:

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