Select the most appropriate alternative from the given below and rewrite the statement. An act of exchange of things or services between the two parties is termed as______. - Book Keeping and Accountancy

MCQ

Select the most appropriate alternative from the given below and rewrite the statement.

An act of exchange of things or services between the two parties is termed as______.

An act of exchange of things or services between the two parties is termed as Transaction.

Concept: Basic Accounting Terminologies

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Chapter 1: Introduction to Book - Keeping and Accountancy - Exercises [Page 17]

Chapter 1 Introduction to Book - Keeping and Accountancy
Exercises | Q 3. 10) | Page 17

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