Transactions are exchanges of goods or services for money that affect a business's financial position by creating income, expenditures, assets, or liabilities. There are two types of transactions: cash transactions, where payment is made immediately, and credit transactions, where payment is made at a future date, such as goods purchased or sold on credit. A transaction is measured in monetary terms and includes the everyday purchases and sales that occur in a business.

1. WELCOME

2. Group
Member
1)Priyanka Upadhyay
2)Rukhsar Khan

3. TRANSACTION

4. Defination of Transaction:
When a commodity or a service is
exchanged for money or money’s worth it is
called as Transaction. Everyday in a
business something is purchased or
something is sold this type of exchanged of
goods for money or money’s worth is called
as transaction.

5. The condition in Transaction are:
It affects Financial position i.e. it
result in to an expenditure or
income or creation of an asset or
liability.
It is measured in terms of
money.

6. Transaction is of to
types
1]] cash transaction
2]] credit transaction

8. Credit
Transaction
When goods or
services are
exchanged for
money but the
payment of cash is
made on any other
future date, it is
called credit
transaction. E.g.
goods purchased
on credit or goods
sold on credit
.