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Difference between business transaction and personal transaction?

I made a research and it says that: Business transaction is a economic activity or event that initiates the accounting process of recording it in the firm's accounting system while personal transaction means is a set of custom fields grouped together into a specific transaction type ad linked into a role. -Internet, Wikipedia


What does FPI mean on Lloyds bank statement?

FPI on a Lloyds bank statement stands for "Faster Payments Initiative." It indicates that a transaction was processed using the Faster Payments service, which allows for near-instantaneous money transfers between participating banks in the UK. This service is commonly used for personal and business transactions, making it a convenient option for sending and receiving funds.


Are Venmo payments taxed?

Venmo payments are generally not taxed as they are considered personal transactions between individuals. However, if you receive payments for goods or services, you may be required to report that income and pay taxes on it.


What is the difference between a cash transaction and a non cash transaction?

processing a transaction includes involves cash or non transaction and concept of different between two?


What does fpo mean on a lloyds bank statement?

On a Lloyds Bank statement, "FPO" stands for "Faster Payments Out." It indicates a transaction where money has been sent out of your account using the Faster Payments Service, which allows for quick and efficient transfers between banks. This notation helps you identify outgoing payments that were processed rapidly.


What is a personal transaction?

A personal transaction refers to any exchange or interaction between individuals that involves the transfer of goods, services, or money, typically for personal use rather than for business purposes. Examples include buying groceries, paying for a meal, or lending money to a friend. These transactions are usually characterized by their informal nature and focus on personal relationships rather than commercial interests.


What is internet banking staff?

Internet Banking allows you to view transactions, account balances, issue stop payments, transfer funds between accounts, and set up balance and deposit alerts and reminders as well as download transaction information into Microsoft Money, Quicken®, Quickbooks, or a spreadsheet. bankofkc.com personal/onlineBankingFAQ.aspx#


What is transactional?

Transaction is accrue between tow parties like any business-related exchange such as Payments to employees, Sales to customers and payments to the suppliers. Thus, processing business transaction was the first application of computer for most organizations. Regards: Shoaib Aatish from MSC CS, UAF, FSD


What is the Difference between primary and secondary market in transaction as related to flow of fund in transaction?

What is transaction what it contains


Difference between nested and distributed transaction?

·A nested transaction is a transaction that is logically decomposed into a hierarchy of sub transaction. A distributed transaction is logically a flat, indivisible transaction that operates on distributed data.


Will the military ship a car to me if i buy it from someone deployed?

No. It's a transaction of personal property between you and that service member. The military has no obligation to ship anything on their behalf.


What is the difference between transaction risk and economic risk?

Transaction is bank risk