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According to accountancy rules ,when any incident is valued in money then it call transaction and the incidents whose are not valued in money those are not transaction .
Yes, True,
There are many incidents which are not regarded as Transactions because they dont have financial effect on the books of accounts, for example,
1-Moving machinery from one place to another place within the building.
2-Relocation of an employee to another department
3-Promotion of an employee to a higher grade but without changing his/her salary benefits
and so on.
On the other hand each transaction is a result of a monetary incident.
i agree
