SSC 2021 assignment answer first week

Описание: An accounting event is a transaction that is recognized in the financial statements of an accounting entity. Examples of accounting events include such things as recording the depreciation of an asset, the payment of dividends to investors, the purchase of materials from a supplier, and the sale of goods to a customer. By definition, an event concept is the event details and elements that make up the practical aspects of the event itself. Tying it all together: Event designers spend more time dreaming up the general event theme while event stylists focus on the event concept (i.e. bringing the theme to life). An accounting transaction is a business event having a monetary impact on the financial statements of a business. It is recorded in the accounting records of the business. Examples of accounting transactions are Sales in cash to a customer. Sale on credit to a customer. The definition of transactional is something related to a process or other action. An example of transactional is the process to negotiate a contract between two people. adjective. 4. Of, pertaining to or involving transactions. Answer: The purchase and sale of goods for cash or on credit, the receipts and payments of cash, etc., are termed as business transactions since these activities involve the exchange of values between parties. A business transaction, therefore, results in some property, goods or services changing hands. hope I have help. There are four main types of financial transactions that occur in a business. These four types of financial transactions are sales, purchases, receipts, and payments. Sales transactions are recorded in the accounting journal for the seller as a debit to cash or accounts receivable and a credit to the sales account. An invoice is a time-stamped commercial document that itemizes and records a transaction between a buyer and a seller. If goods or services were purchased on credit, the invoice usually specifies the terms of the deal and provides information on the available methods of payment. Invoices act as records for your business. The purpose of an invoice is to stay organized and knowledgeable about which customers owe you. And, you know when payments are overdue. An invoice is also a record for the person receiving them (however, there is a marked difference between invoice and receipt). The primary purpose of an invoice is to provide a business and its client with a record of the sale. An invoice serves an important purpose in small business accounting: invoices demonstrate a client's obligation to pay you for your services. Invoices provide evidence that products and services are delivered and establish a company's right to payment. In the event that a customer doesn't pay, a company can use contracts and invoices to legally demonstrate to a court of law that it's owed payment.ssc,assignment,harunsiraccounting, ssc assignment 2021,class 10 assignment 1st week,class 10 assignment,ssc 2021 assignment 1st week,ssc assignment 2021 answer,ssc 2021 1st week assignment,ssc assignment 2021 1st week,class 10 assignment 2021,class 10 assignment 1st week 2021,math assignment class 10,class 10 assignment 2021 1st week,assignment,assignment class 10 1st week,hsc assignment 2021,class 10 assignment,ssc 2021 assignment,ssc assignment,accounting assignment,assignment cover page
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