Financial transaction
Financial transaction (alternatively known as business transaction or, simply, transaction; hereinafter, the Transaction) is any transfer of items, properties, and resources of value that an organization owns, is about to own, or is about to stop owning.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
