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Give any two characteristics of a …

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Give any two characteristics of a business transaction.

    • Posted by Ronit Chourasia 4 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Yogita Ingle 4 years, 2 months ago

    Business Transaction :- It is an event involving some monetary value between two o r more entities , and is capable of changing the financial position of the enterprise

    Characteristics

    • It is concerned with money's worth of goods and services.
    • It arrises out of the transfer or exchange of goods and services.
    • It has an effect on the accounting equation of any business form

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