Business Transactions

Business transactions are exchanges of goods, services, or money between two or more parties. These transactions can be as simple as a purchase at a store or as complex as a merger between companies. They are fundamental to commerce and include various forms, such as sales, purchases, leases, and loans. Each transaction is recorded in financial records, helping businesses manage their finances, track income and expenses, and comply with legal requirements. Understanding these transactions is crucial for evaluating a company's performance and making informed financial decisions.