what is transaction?
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Answer / chandu
Transaction means any work or exchange of goods or
services,in accounting we are considering all
financial(which have monetary character means measure in
monitory terms) issues are transactions.
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / narasimha rao
transactin means transfer of money or money worth between
two parties
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / srinivas chowdary
Transaction is an event that changes the organisations
financial position and/or it's earnings.
exp1:when an amount of rs 5000 is deposited in xyz bank
then the cash balance reduces ,bank balance increases
exp2: in the same way when some body sold some stock for cash
then the stock reduces and cash increases.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / raghavendra
business transaction refers to business activity deals with
exchange of goods and service gives moneys and money worth
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / neha gupta
rranssation is that where we exchange of goods trassacts
the goocs in acconting it is the right mean of transsaction.
| Is This Answer Correct ? | 0 Yes | 1 No |
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