Business transaction

From CNM Wiki
Revision as of 12:31, 4 January 2019 by Gary (talk | contribs) (Related coursework)
Jump to: navigation, search

Business transaction (hereinafter, the Transaction) is any movement of assets and liabilities between two legal entities. Most of the Transaction are financial transactions; however, financial transactions may also include movements of assets and liabilities within one legal entity.


Nature

The Transaction may have various natures such as:

  1. A sale or procurement, lease, assignment, award by chance, any other acquisition or transfer of a product;
  2. Transmitting of funds over an electronic network or physically.

Types

Related lectures