What is Accounting Business Transaction



Posted on 06-05-2016        By ADMIN



What is Accounting Business Transaction – 

Any business activity or event thateffects a business to show what it owns and what it owes as well as theownership of the business. For example: A short term Loan amount from bankbeing debited to cash account and credited to bank account represents that abusiness house owns the amount and at the same time it owes to bank whilemaking the balances in agreement as assets equals to liabilities.



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