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

2 Answers

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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