Asked in InsuranceBusiness PlansBusiness and IndustryBudgeting and Forecasting
Insurance
Business Plans
Business and Industry
Budgeting and Forecasting
What is a business transaction?
Answer

Wiki User
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)
Related Questions
Asked in Business and Industry
Can you Give me an examples of business transaction?

Restaurant Examples:
A couple comes in and orders food & beverages. They dine
then pay for their meal. The Charge for the Meal and the Receipt of
the Payment is a Business Transaction.
The Restaurant orders food & beverages from one of their
Vendors. The Vendor delivers the Goods. That is a Business
Transaction.
The Vendor invoices the Restaurant for the food & beverages
delivered. The Restaurant pays the Vendor. The Charge and the
Payment are Business Transactions.
The Restaurant uses its Bank Line of Credit to purchase new
Furniture from a Restaurant Supplier. That is a Business
Transaction.
The Supplier sells the Furniture to the Restaurant. That is a
Business Transaction.
Each Month, the Restaurant makes a payment to the Bank on the
Line of Credit. That is a Business Transaction.
The Owner of the Business sells the Business to someone else.
That is a Business Transaction.
The new Owner fires the Cook. That is a Business Transaction.
Then he hires his nephew. That might be considered a Business
Transaction.