0
A financial transaction is an agreement, communication, or movement carried out between a buyer and a seller to exchange an asset forpayment. It involves a change in the status of the finances of two or more businesses or individuals. The buyer and seller are separate entities or objects, often involving the exchange of items of value, such as information, goods, services, and money. It is still a transaction if you exchange the goods at one time, and the money at another. This is known as a two part transaction, part one is giving the money, part two is receiving the goods.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is the difference between financial intermediaries and non financial intermediaries?
test
Differences between financial and non-financial information?
Financial information is concerned with making money and managing money for the organization. Non-financial information is information about customers, suppliers, etc.
What are differences between commercial bank and non bank financial institution?
difference between non bank and commercial bank?
What is meant by not on us transaction in banking domain?
The non ON-US transaction is the transaction, which is made on the ATM or POS terminal of the bank other then the bank that issued the card. For an example, if I swiped my ICICI credit card in ICICI ATM, then the transaction is called ON-US transaction. If I swipe my ICICI card in the ATM other then ICICI ATM, then the transaction is called non ON-US transaction.
Distinquish between savings and financial surplus?
This is the difference between Income and Expenditure in a non-profit making business, where the income exceeds expenditure
What is the difference between a cash transaction and a non cash transaction?
processing a transaction includes involves cash or non transaction and concept of different between two?
Distinguish between monetary rewards and non monetary rewards?
gykgjkghjhj
What is the difference between financial intermediaries and non financial intermediaries?
test
Explain relationship between financial and non-financial performance indicators in achieving corporate governance compliance?
relationship between financial and non-financial performance indicators in achieving corporate governance compliance.
How can a person distinguish between the prejudicial and non-prejudicial use of rhetorical devices?
Answer
What is the difference between Financial and non financial institutions?
The main difference between financial and non financial institutions is in their functions. Financial institutions will accepts deposits and offer financial services like loans and so on while non-financial institutions do not engage in financial activities.
Distinguish between endospermic and non endospermic seeds?
tere main di lan
How do you distinguish between conductive and non-conducting materials?
By measurements of the electrical (or thermal) conductivity.
What is the definition of non-experimental research?
how to distinguish between quasi-experimental and nonexperimental research
Differences between financial and non-financial information?
Financial information is concerned with making money and managing money for the organization. Non-financial information is information about customers, suppliers, etc.
What is the difference between linear and nonlinear demand functions?
distinguish between linear and non linear demands funcions
What is non standard commercial risk?
distinguish between a "standard" commercial risk and a "non standard" commercial risk in a fire policy
