what is a clear meaning of transaction in accounting??

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what is a clear meaning of transaction in accounting??

2007-10-03 11:16:29 · 3 answers · asked by your friend 1 in Business & Finance ➔ Other - Business & Finance

3 answers

Generally, a transaction is an agreement between a buyer and a seller to exchange an asset for payment.

In accounting, it means any economic event or occurence which can be quantified by a unit of measurement (e.g. a dollar). Purchases and sales are typical examples of transactions in any co.

2007-10-03 21:51:27 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋

choose one from the following:
purchases
billings
exchange of goods or services for money
entries

2007-10-03 18:19:04 · answer #2 · answered by Anonymous · 0⤊ 0⤋

it's code speak for "homosexual" (tap tap)

2007-10-03 18:19:00 · answer #3 · answered by I don't look like this 3 · 0⤊ 0⤋