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The business actions impacting the financials is an accounting transaction. The above mentioned answer is TRUE or FALSE.
true
true,
in addition to thisaccounting transaction means any movement relating to finacials of a business must be account for and recording of this is a "accounting transaction"
Accounting transactions can refer to virtually any type of monetary transaction, either in a business or even in a household. The accounting of these monetary transactions can take place in written ledger books or with accounting software. Some examples of accounting transactions include income and invoices, investments, purchases for office equipment, payroll payouts, any sale of products or goods, petty cash transactions, receipts from sales, and business owners writing themselves a check from business accounts.
true the happening of event such as sale, purchase or any other debit credit balance is called accounting transaction
