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Sunday, February 8, 2009

Financial transaction

Financial transaction is an event or condition under the contract between a buyer and a seller to exchange an asset for payment. In accounting, it is recognized by an entry in the books of account. It involves a change in the status of the finances of two or more businesses or individuals.
Contents[hide]
1 Purchase
2 Loan
3 Mortgage
4 Bank account
5 Credit-card purchase
6 Debit-card purchase
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