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A business transaction refers to an operation or interaction made between the company and its clients. The supplier provides the goods and servicesÊtowards the consumers with an exchange of an income or profit.

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Q: What is the definition and nature of business transaction?
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What is meant by nature of a transaction?

The phrase 'the nature of the transaction' refers to the kind of transaction that occurred. Some examples are a credit sale, a return, and a cash sale.


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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.


What is a business activity?

transaction


What are the types of business transaction?

Cash TransactionCredit TransactionBarter TransactionPaper Transaction