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| 1. |
Give any two characteristics of a business transaction. |
| Answer» Business Transaction\xa0:- It is an event involving some monetary value between two o r more entities , and is capable of changing the financial position of the enterpriseCharacteristics\tIt is concerned with money\'s worth of goods and services.\tIt arrises out of the transfer or exchange of goods and services.\tIt has an effect on the accounting equation of any business form | |