WHAT IS A BUSINESS TRANSACTION ? | BASIC ACCOUNTING TERMS | ACCOUNTING. - video Dailymotion

WHAT IS A BUSINESS TRANSACTION ? | BASIC ACCOUNTING TERMS | ACCOUNTING.

Transcript

00:00Hello guys, this is Sonia Setia, your accounts and eco-tutor.

00:04So today we are starting with class 11th accounts chapter number 2 basic accounting terms first

00:10accounting term.

00:11We have business transaction exchange of goods and services for money is known as the business

00:16transaction.

00:17For that, you will apply the rule of B & M that the transaction you are recording is

00:23related to the business and can be measured in money.

00:26So suppose I have a stationary business, I sold a pen to Vamika in 20, so this is my

00:33business transaction and because I have charged 20, so that can be measurable in terms of

00:39money also.

00:40So this is my business transaction, right?

00:43And kindly share this video to your friends and subscribe to my channel.

00:59Thank you so much.