Question

What is bussiness transaction and its characteristic?

Answer 1

Any entity involves some value between two or more entities.. is called transaction.

An entity means a reality that has a definite
individual existence.

A transaction will be cash transaction or credit transaction..

A transaction can be purchase of goods, receipt of money, payment to creditors etc..

Answer 2

Explanation:

:- It is an event involving some monetary value between two o r more entities ,

• is capable of changing the financial position of the enterprise.

• Characteristics. It is concerned with money's worth of goods and services.