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What is transaction in accounting system

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Jun 2 at 5:48:42
Adnan
Adnan
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An accounting transaction is a business transnational event having a monetary affect on the financial statements of a Company.
It is recorded in the accounting system for records of the company

Examples of accounting transactions are:

Sale in cash to a customer.

Cash debit
Sale Credit

Sale on credit to a customer.

Receivables Debit
Sale Credit
Jun 22 at 20:45:32
Adnan
Adnan
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