Question

What is transaction and how they are classified

in detail
also arrange your answers properly


I will mark the best answer as brainliest answer
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Answer 1

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External transaction

For example, purchase of merchandise from a supplier, payment of cash to a creditor, payment of salary to a worker, etc. Usually, most of the transactions made by a business during an accounting period are external transactions.

Answer 2

Answer:

for answer refer to attachment