What do you mean by business transactions?    

Those transactions which are entered by the two or more parties in the affairs of the business. 

Business transactions must be related to:                                                                              

(a) Business       (b) Must have evidence     (c) Must be measured in money.

What is Accounting?

Accounting is a process of identifying business transactions, recording, classifying, summarizing, analysing the accounting information and communicating it to the internal and external users.

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