what is business transactions
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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.
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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.
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