Question

what is the transaction

Answer 1

To take or withdraw something from somewhere as we do a transaction in atm in which we withdraw or deposit money.

Answer 2

General: Agreement, contract, exchange, understanding, or transfer of cash or property that occurs between two or more parties and establishes a legalobligation. Also called booking or reservation.

Accounting: Event that effects a changein the asset, liability, or net worthaccount. Transactions are recorded first in journal and then posted to a ledger.

Banking: Activity affecting a bankaccount and performed by the account holder or at his or her request.

Commerce: Exchange of goods or services between a buyer and a seller. Every transaction has three components: (1) transfer of good/service and money, (2) transfer of title which may or may not be accompanied by a transfer of possession, and (3) transfer of exchange rights.

Computing: Event or process (such as an input message) initiated or invoked by a user or computer program, regarded as a single unit of work and requiring a record to be generated for processing in a database.