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Is placing of order is not a transaction? (in journal)

Posted by Roshan Kumar 4 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Gaurav Seth 4 years, 2 months ago

Non-Economic Transactions are the transactions that cannot be measured in terms of money, i.e. do not involve receipt or payment.
It is a non-economic activity because no sale/exchange of goods or services or money is involved. Just the order is placed.

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