How many types of business transactions are there in accounting

How many types of business transactions are there in accounting ?

Accounts Team , 08 Feb 2018

6 Answers

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There are several types of business transactions in accounting. The main ones include: Operating transactions: These transactions are related to the main activities of the company, such as selling goods or services, paying expenses, and purchasing materials. Investment transactions: These are transactions related to the purchase or sale of long-term assets, such as real estate or equipment. Financial transactions: These transactions are related to the financing of the business, such as obtaining loans, issuing shares, or paying dividends. In addition, it is important to take into account transactions such as accruals and adjustments, which reflect changes in the balance sheet and financial position of the company at the end of the reporting period. Personally, in my accounting and financial management practice, I often use the paykassma.com service, which helps to effectively manage payments and financial transactions. This tool greatly simplifies working with various transactions and improves the accuracy of accounting.

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Six Types of Business Transaction in Indian Accounting: 1. Retail to Consumer, in Person 2. Retail to Consumer, Not in Person 3. Wholesaler to Retailer 4. Business to Business 5. Wholesale to Consumer 6. Consumer to Consumer But if you are asking for accounting transactions then answer will 1. Cash transactions and Credit transactions 2. Internal transactions and External transactions

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