Question

what is a Transaction​

Answer 1

Answer:

A financial transaction is an agreement, or communication, carried out between a buyer and a seller to exchange an asset for payment. It involves a change in the status of the finances of two or more businesses or individuals.

Explanation:

Answer 2

Answer:

Transaction:- An accounting transaction is a business event having a monetary impact on the financial statements of a business. It is recorded in the accounting records of the business.

Examples of accounting transactions are: Sale in cash to a customer. Sale on credit to a customer.

Explanation:

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