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What is the meaning of financial …

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What is the meaning of financial transaction

Posted by Janvi Tradia 5 years, 4 months ago

CBSE > Class 11 > Accountancy

2 answers

Muhammad Shoaib 5 years, 4 months ago

A financial transaction means any transaction done for consideration (something in return) and such consideration is measurable in terms of money.

Gaurav Seth 5 years, 4 months ago

A financial transaction is the instance, where there exists either an outflow or inflow of cash. For example: purchase of furniture or goods, sales of goods, etc. It is termed as a deal between two persons because here, two parties are involved in it, i.e. when goods are purchased.

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