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When a TPS performs calculations and other data transformations related to business transactions it engaged in an activity called?
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∙ 13y ago
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Wiki User
∙ 13y ago
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What is a transaction?
A transaction is any activity in business that involves money. It occurs when something of value is exchanged with something else of value. The act of recording transactions is called bookkeeping.
Why is bookkeeping so important to business?
It tracks the day to day financial transactions for a business. This must be done in order to give accurate business transactions to the accountant.
What is isolated transaction?
(a)those transactions outside the ordinary course of business of a taxpayer carrying on a business; and(b)those transactions entered into by non-business taxpayers.
Why should you keep private and business transactions separate?
In business books of accounts only business transactions are recorded as per Entity concept of accounting business owners and business accounts are two separate entities and two separate entities cannot show transactions in same books of accounts.
When were notes used and how did these help in business transactions?
chips
Define what is a business activity?
Business activity refers to transactions that move the business forward. Sales, customer service and shipping products are all aspects of business activity.
Why do you say Commercial law as the nucleus of business transactions?
commercial law as nucleus of business transactions
What is the importance of business calculations?
The importance of business calculations is that it helps in gauging the performance of a business. This will measure the growth of the business through computations of profit margins.
Can business to business transactions be made online?
Business to business transactions can be made online. Contacting the business you are looking to interact with and ensuring the internet safety would be your first step.
Where can one find Business Transactions online?
You can find business transactions under your account on the website of the bank that you are a customer of. You can also view transactions from websites that you purchase goods from.
How do you xxplain the types of business transactions?
Business transactions include selling products and services. Managers do this to make a profit in order to keep their business operational.
What is a transaction?
A transaction is any activity in business that involves money. It occurs when something of value is exchanged with something else of value. The act of recording transactions is called bookkeeping.
How do you illustrate business transactions?
You can illustrate business transactions using charts and graphs. You can do this by using a word processor or a slide show.
Why is bookkeeping so important to business?
It tracks the day to day financial transactions for a business. This must be done in order to give accurate business transactions to the accountant.
What is isolated transaction?
(a)those transactions outside the ordinary course of business of a taxpayer carrying on a business; and(b)those transactions entered into by non-business taxpayers.
What is meant by business intity concept?
Business intity concept is all transactions that affect the firm. The business intitly does not affect the ownerÕs private transactions and will be recorded.
Why should you keep private and business transactions separate?
In business books of accounts only business transactions are recorded as per Entity concept of accounting business owners and business accounts are two separate entities and two separate entities cannot show transactions in same books of accounts.
