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What is a business transaction?

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May 28, 2011 12:17PM

Answer:

It is the business event ( activity ) which can be measured in term of money. and which must be recorded in business book ( or system) of account.

For example to buy raw material for your business. Raw material has a money value. so we can measured the raw material in term of money. ( it costs 2000$ to buy a machine)