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Accountable Transaction

Vijayakumar

11/09/2018 0 0

Every business is required to record the economic transactions that are financial. There.is remarkable variation between trade and financial transactions. Business transaction can be of non-financial too. However, every financial transaction shall fall within the ambit of a business transaction. The financial transaction shall be measurable by money or money's worth and thus should be recorded in the books of accounts of a business.

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