by A business transaction is a financial exchange or event that occurs between two or more parties related to a business. It can involve the exchange of goods, services, or money.
A business transaction is “The movement of money and money’s worth form one person to another”. Or exchange of values between two parties is also known as “Business Transaction”.
For example, a customer purchasing a product from a business, a business purchasing raw materials from a supplier, or a business paying wages to employees are all examples of business transactions.
- Cash transaction
- Credit transaction
What Cash Transaction? Cash transaction is a exchange for goods and service can be paid cash is called as cash transaction.
What is credit transaction? Credit transaction is a exchange for goods and services cannot be paid cash is called as credit transaction
