Accountancy, asked by Anonymous, 5 months ago

what is the meaning of financial transaction??
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Answers

Answered by nikhilvidyasoudha
3

Answer:

A financial transaction is an agreement, or communication, carried out between a buyer and a seller to exchange an asset for payment.

Financial transaction involving money and agricultural goods at a farmers' market

It involves a change in the status of the finances of two or more businesses or individuals. The buyer and seller are separate entities or objects, often involving the exchange of items of value, such as information, goods, services, and money. It is still a transaction if the goods are exchanged at one time, and the money at another. This is known as a two-part transaction: part one is giving the money, part two is receiving the goods.

Answered by priyanshu463590
3

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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. ... It is still a transaction if the goods are exchanged at one time, and the money at another.

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