What is business transaction?

1.	What is business transaction?
Answer» The trem business transaction means financial transactions or events entire between two parties Example : sale, purchase<br>A business transaction is an economic activity that affects the financial position of a business firm and can be measured in terms of money<br>(i)business transactions are exchanges of economic consideration between parties and have two fold effects that are recorded in at least two accounts. (ii)business transactions are usually evidenced by an appropriate document such as Cash memo, invoice, sales bill, pay in slip, cheque, salaryslip, etc.

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