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Question

What is a business transaction example?


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Solution

A business transaction is a monetary occasion with an outsider or third party that is recorded in an association’s accounting framework. Instances of transactions are: Purchasing stock from a provider, offering products to a client for cash, buying an insurance plan from an insurer

A business transaction is a monetary event with an outsider that is recorded in an association’s bookkeeping framework. Instances of deals are buying protection from a safety net provider, purchasing stock from a provider, offering products to a client for cash.


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