Accountancy, asked by swagsyndrome, 1 year ago

what is the term transaction means?

Answers

Answered by ams68

3

A transaction is an agreement between a buyer and a seller to exchange goods, services or financial instruments. ... Accrual accounting records transactions when revenues or expenses are realized or incurred, while cash accounting records transactions when the business actually spends or receives money

Answered by Annalise

0

It means taking something out I.e. Money transactions etc

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