Question

introduction of the company. write the product introduction and 20 transaction​

Answer 1

Answer:

A transaction is an agreement between a buyer and a seller to exchange goods, services or financial instruments.

In accounting, the events that affect the finances of a business must be recorded on the books, and an accounting transaction will be recorded differently if the company uses accrual accounting rather than cash accounting. 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. It may require a letter of intent or memorandum of understanding.

Understanding Transactions

Transactions in terms of sales between buyers and sellers are relatively straightforward. Person A gives person B a certain amount of money for a good, service, or financial product.

Transactions can become more complex in the accounting world since businesses may sometimes make deals today which won't be settled until a future date, or they may have revenues or expenses that are known but not yet due. Third-party transactions can also occur. Whether a business records income and expense transactions using the accrual method of accounting or the cash method of accounting affects the company’s financial and tax reporting.

Explanation:

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