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ACCOUNTS BY SONIA SETIA
  • 9/17/2024
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.

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