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An inward transaction refers to a financial activity where funds or assets flow into an entity from an external source. This can include receiving payments from customers, investments from shareholders, or funds transferred from other accounts. Inward transactions are crucial for maintaining liquidity and supporting operational activities within a business or organization. They are typically recorded as inflows in financial statements.

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2m ago

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What is the difference between inward and outward transaction?

The words "outward or inward" associate with "transactions" are giving information of the 'status' of an incoming or outgoing processed transaction while the process of processing/aquiring/issuing for example in the arbitration's process of a credit card transaction which has been disputed.


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