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What is the meaning of financial transaction |
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Answer» A financial transaction means any transaction done for consideration (something in return) and such consideration is measurable in terms of money. A financial\xa0transaction\xa0is the instance, where there exists either an outflow or inflow of cash. For example: purchase of furniture or goods, sales of goods, etc. It is termed as a\xa0deal\xa0between two persons because here, two parties are involved in it, i.e. when goods are purchased. |
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