Question

what is a business transaction

Answer 1

A business transaction is an activity or event that can be measured in terms of money and which affects the financial position or operations of thebusiness entity. A business transaction has an effect on any of the accounting elements – assets, liabilities, capital, income, and expense.

Answer 2

Answer:

A business transaction is an activity or event that can be measured in terms of money and which affects the financial position or operations of the business entity. A business transaction has an effect on any of the accounting elements – assets, liabilities, capital, income, and expense.