Question

what is transaction?​

Answer 1

ANSWERS:

A transaction is a business event that has a monetary impact on an entity's financial statements, and is recorded as an entry in its accounting records.

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Answer 2

A transaction is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets. ... A transaction will be recorded earlier or later depending on whether the company uses accrual accounting rather than cash accounting.

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