it's called "free Market"
The journal entry is the accounting entry which lists the goods that are bought on credit.
Market Revolution
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Yes, a place where goods are bought and sold is commonly referred to as a market. Markets can take various forms, including physical locations like grocery stores and farmers' markets, as well as virtual platforms like online marketplaces. They facilitate the exchange of goods and services between buyers and sellers.
Sundry Debtor is a person who bought goods or received service from us (Customer) Sundry Creditor is a person whom we received the goods are service (Our Vendor)
This is the barter system.
medium of exchange and or bartering for goods
Bartering
they are bought and sold by the people (gradpt)
they are bought and sold by the people (gradpt)
they are bought and sold by the people (gradpt)
they are bought and sold by the people (gradpt)
This is called the barter system.
Goods or services bought by a consumer are bought in the consumer market. The consumer market includes fast moving consumer goods, consumer durables, soft goods and services.
A _barter_ system involves the direct exchange of goods and services without the use of money as a medium of exchange.
The journal entry is the accounting entry which lists the goods that are bought on credit.
Bartering