Question

Give the word term or phrase which can substitute each of the following statements :

Dealings between two persons.

Answer 1

Dealings between two persons- Transaction
Explanation:
A 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. It involves two parties; one is the buyer and the other is seller.