English

Define the term transaction.

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Question

Define the term transaction.

Definition
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Solution

A transaction is any financial event or economic activity between two or more parties that involves the transfer of money, goods, or services.

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Chapter 1: Overview of Computerised Accounting System - EXERCISES [Page 16]

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NCERT Accountancy Computerised Accounting System [English] Class 12
Chapter 1 Overview of Computerised Accounting System
EXERCISES | Q 2. 7. (i) | Page 16
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