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What is mean by business transaction?

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What is mean by business transaction?

Posted by Teresa Lalrin Feli 7 years, 8 months ago

CBSE > Class 11 > Accountancy

3 answers

Sakshi Sharma ??️??️??️ 7 years, 8 months ago

A business transaction is an activity or event that can be measured in terms of money and which affects the financial position or operations of the business entity. A business transaction has an effect on any of the accounting elements – assets, liabilities, capital, income, and expense.

Pihu Agrawal 7 years, 8 months ago

The mutual dealing of goods and services is known as business transaction.

Krishan Singh 7 years, 8 months ago

Business transaction mean all transaction recorded

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