1287 best questions for Transaction

We've collected 1287 best questions in the «Transaction» category so you can quickly find the answer to your question!



Those interested in the Transaction category often ask the following questions:

💰 Transaction definition - what is a transaction?

What Is a Transaction? A transaction is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets in return for money.

💰 Difference between business transaction and personal transaction?

I made a research and it says that: Business transaction is a economic activity or event that initiates the accounting process of recording it in the firm's accounting system while personal transaction means is a set of custom fields grouped together into a specific transaction type ad linked into a role. -Internet, Wikipedia

💰 What is transaction and types of transaction?

One type of transaction cost is a barrier to communication. When an otherwise perfectly matched seller and buyer have absolutely zero means of communication, the transaction costs of a deal are ...

💰 Bitcoin transaction fees | who decides the transaction fee?

Explaining bitcoin transaction fees July 22, 2021 08:32. Follow. Every bitcoin transaction must be added to the blockchain, the official public ledger of all bitcoin transactions, in order to be considered successfully completed or valid.

💰 Transaction account definition - what is a transaction account?

Transaction Account. Transaction Account Meaning: In banking terminology, the term transaction account refers to a basic bank account with a financial institution which allows for the efficient transfer of funds by the account holder to third parties as well as receiving electronic payments into this account. The most common form of transaction ...

Video from Transaction

We’ve collected for you several video answers to questions from the «Transaction» category:

Video answer: Transaction definition - what is a transaction?

Transaction definition - what is a transaction?

Video answer: How accounting systems work (bookkeeping)

How accounting systems work (bookkeeping)

Video answer: Sql accounting system tutorial 053 maintain acceptable transaction date

Sql accounting system tutorial 053 maintain acceptable transaction date

Video answer: Accounting information system definition - what is accounting

Accounting information system definition - what is accounting

Top 1267 questions from Transaction

We’ve collected for you 1267 similar questions from the «Transaction» category:

What is pos transaction?

A point of sale (POS) is a place where a customer executes the payment for goods or services and where sales taxes may become payable. A POS transaction may occur in …

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What is transaction fees?

“A transaction fee is an amount that a brokerage will charge to each transaction regardless of who pays it,” Higgins explains. “It is up to the agent themselves to charge that on to their ...

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What is transaction revenue?

Transaction-based revenue: Proceeds from sales of goods that are usually one-time customer payments. Service revenue: Revenues are generated by providing service to customers and are calculated based on time.

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What is material transaction?

Define Material Transaction. means any material transaction in which the Company or any of its subsidiaries proposes to engage or is engaged, including a material purchase or sale of assets or securities, financing, merger, consolidation, tender offer or any other material transaction that would require disclosure pursuant to the Exchange Act, and with respect to which the board of directors of the Company reasonably has determined in good faith that compliance with this Agreement may ...

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What is transaction processing?

A Transaction Processing System (TPS) is an infotech used to accumulate, store, modify and retrieve data transactions. Transaction processing systems present a unique response to user requirements, although planning to choose the most appropriate method relies heavily on the quantity of data and the type of business.

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What is transaction accounting?

Examples of accounting transactions are: Sale in cash to a customer Sale on credit to a customer Receive cash in payment of an invoice owed by a customer Purchase fixed assets from a supplier Record the depreciation of a fixed asset over time Purchase consumable supplies from a supplier Investment ...

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What is a transaction?

DBMS - Transaction ACID Properties. A transaction is a very small unit of a program and it may contain several lowlevel tasks. A... Serializability. When multiple transactions are being executed by the operating system in a multiprogramming... Equivalence Schedules. If two schedules produce the same ...

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What's a personal transaction?

Entries with "personal transactions" personal transaction: personal transaction (English) Noun personal transaction (pl. personal transactions) Something done by a person's own efforts, not through the agency of another.

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What is transaction amount?

Transaction Amount means the amount that is debited from the Balance in connection with your use of the Card. Sample 2.

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What is coinbase transaction?

A coinbase transaction is a unique type of bitcoin transaction that can only be created by a miner. This type of transaction has no inputs, and there is one created with each new block that is mined on the network. In other words, this is the transaction that rewards a miner with the block reward for their work.

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Which is transaction account?

A transaction account is an account that you use on a day to day basis which your wage and other payments can be paid into. Your transaction account is also used to pay for bills, shopping and other everyday purchases using a linked Visa card. Transaction accounts do not earn interest on the balances.

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What is simple transaction?

Simple transaction model is a model of transaction how it must be. It has active, partially committed, failed, aborted, and committed states. Transaction is a several operations that can change the content of the database which is handled by a single program. Simple transaction model follows all ACID properties while doing transactions.

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What is subsequent transaction?

Subsequent Transaction means a sale, transfer or other disposition for value of a majority or more in value of the assets of the Sellers.

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What are transaction costs?

Transaction cost. In economics and related disciplines, a transaction cost is a cost in making any economic trade when participating in a market. Oliver E. Williamson defines transaction costs as the costs of running an economic system of companies, and unlike production costs, decision-makers determine strategies of companies by measuring ...

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What is the transaction?

A transaction is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets in return for money. In business bookkeeping, this plain definition of ...

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How is a financial transaction different from a non financial transaction?

  • Financial transactions involve transfer of funds between accounts. Cash withdrawl and transfer money to other account are financial transactions at ATM. The difference is no money will be debited or credited immediately from our account if we do any of the NFTs. In case of financial transaction ATM, money will be debited.

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What are the basic transaction processing activities performed by transaction processing systems?

A transaction processing system is a system that divides work into individual transactions. Types of processing include batch processing, time sharing, real time processing, and transaction processing.

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What is the transaction identification code for an auto reverse post transaction?


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What is classification of transaction?

Classification of Transactions: 1. Cash Transaction: If the value of a transaction in met is cash immediately, it is called cash transaction. For... 2. Credit Transaction: If the value of the transaction is not met in cash immediately, it is called credit transaction. 3. Paper Transaction:

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What is financial transaction example?

Examples of financial transactions include cash receipts, deposit corrections, requisitions, purchase orders, invoices, travel expense reports, PCard charges, and journal entries… For example, there will be a posting date, a chartfield, a transaction type and perhaps a customer or vendor.

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What is an accounting transaction?

An accounting transaction is the exchange of request/response messages to perform accounting. Accounting can be performed in the form of accounting transactions that report on resource usage by a session. Accounting transaction can occur during a session if accounting or charging indications are needed [pol based acct] or only at the start and the end of the session. A transaction is an execution of a user program and is seen by the DBMS as a series or list of actions.The actions that can be executed by a transaction includes the reading and writing of database.

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How are transaction fees calculated?

Calculate transaction cost. Subtract the cost of all assets purchased from the total price paid to the broker. The difference is the cost of the transaction, which can either be broker commissions or other fees.

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Send bitcoin transaction → simply misinformations?

About Us Kitco Media Careers Contact Us Advertise With Linux Mint Bitcoin → Simply Misinformations? Tests Show Us. Gold and silver are flat leading into the EU open - Kitco News. 06/21. Gold and silver move lower leading into the European session - Kitco News. 06/29. 06/11.

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Is tax a transaction cost?

Transaction costs may include legal fees, communication charges, the information cost of finding the price, or the labor required to bring a good or service to market… “The total cost of buying or selling an asset, including commission, stamp duty and other fees or taxes.

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What is a distributed transaction?

What is a distributed transaction? A distributed transaction is a type of transaction with two or more engaged network hosts. Generally, hosts provide resources, and a transaction manager is ...

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What is called accounting transaction?

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: Sale in cash to a customer. Sale on credit to a customer.

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Accounting how to check transaction?

ACCOUNTING document can be displayed in the transaction code FB03 for your company code and fiscal year. Accounting entries created as per the configuration done in the POSTING KEYS in OB40 (whether it is credit or debit) Document flow can be view either from the Sales order or Billing

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What is a transaction description?

What is a Transaction Descriptor? As the name suggests, transaction descriptors describe a certain payment, so they help to identify the transaction on a bank statement. Customers can see descriptors on their statements after making a purchase… You probably call your issuing bank.

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What is a transaction type?

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.

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What is a peripheral transaction?

What is a peripheral transaction? Also referred to as peripheral activities. A company’s activities outside of its main activities of buying/producing and selling.

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What is a wire transaction?

processing a wire transaction, you can ensure your wires will be processed correctly. Depending on the destination of an international wire transfer, the following identifiers should be used to identify the beneficiary bank and intermediary bank, as applicable. SWIFT code: Stands for ‘Society for Worldwide Interb ank Financial Communications.’ Within the

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What is a split transaction?

Definition. The act of splitting (dividing) a single and full amount of payment in two or more simultaneous transactions in order to avoid per transaction limits.

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Can a transaction be reversed?

Transactions can be reversed by authorization reversal, by refund, or by chargeback. Meanwhile, merchants can only counteract a reversal through deflection or representment. Let's take a look at each of the three ways a transaction can be reversed, and the two merchant countermeasures.

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Is disputing a transaction bad?

Disputing a charge on your credit card will not negatively affect your credit standing, although the credit card company may add a statement to your credit report indicating that the account is currently in dispute.

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What is a bank transaction?

A bank transaction is a record of money that has moved in and out of your bank account. When you have costs associated with your business - for example, rent for office space - the payments for these will come out of your bank account as transactions.

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What is transaction accounting system?

Accounting Systems: Control Objectives Segregation of duties, or mitigating controls, exists within transaction processing authorization, custody, and recording functions. Segregation of duties exists between the various types of transaction processing, e.g. procurement, accounts payable, disbursements.

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Examples of transaction processing system?

Record Management System, POS, Batch system.

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What is transaction cost theory?

Transaction Costs Theory Public service contracts in the bus sector. Grossman and Hart (1986) and Hart and Moore (1990) formalised a model of... Trust. Currently, competitive success has become increasingly dependent on the reduction of transaction costs as the... Diversification and Economies of ...

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What is transaction in application?

Transaction processing is a style of computing, typically performed by large server computers, that supports interactive applications. In transaction processing, work is divided into individual, indivisible operations, called transactions. It manages the concurrent processing of transactions

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What is transaction in dbms?

A transaction is an indivisible entity that is either performed in its entirety or will not get performed at all. This is the responsibility or duty of the recovery …

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What is type of transaction?

The SalesInvoice transaction type represents a transaction that has occurred, and can then be recorded, queried, reported on, and eventually filed in a tax return …

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Do auditors check every transaction?

Practically speaking, an auditor can't test every transaction, but he or she will conduct more extensive testing in areas that present a greater risk of material misstatement. 5… The auditor does not, however, express an opinion on the effectiveness of the company's internal controls.

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What does transaction account mean?

A transaction account allows the account holder to make or receive payments by: ATM cards (withdraw cash at any Automated Teller Machine) Debit card (cashless direct payment at a store or merchant) Cash (deposit and withdrawal of coins and banknotes at a branch) Cheque and money order (paper ...

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How is transaction cost calculated?

size of what they call the “transaction sector.” In their framework, the whole economy is divided into two parts, transformation or production and transaction. By measuring the total value of resources used in the transaction sector, they come up with the aggregate size of transaction costs in the economy.

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What does 'pending transaction' mean?

A pending transaction does not mean the payment went through. Showing a pending transaction only indicates a payment is attempting to be performed. Most transactions will be approved, but a transaction can be canceled, expired, or denied.

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What is bitcoin transaction fee? Wallet users will always have options when it comes to bitcoin transaction fees. Our wallet uses dynamic fees, meaning that the wallet will calculate the appropriate fee for your transaction taking into account current network conditions and transaction size. You can choose between a Priority fee and a Regular fee.

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What accounting transaction for auto?

Accounting Management in Automotive Industry. When it comes to the General Ledger, it is meant for financial information to be posted, summarized and then finally reported. Varying business documents are basically used for the creation of General Ledger entries.

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What is a database transaction?

A database transaction symbolizes a unit of work performed within a database management system (or similar system) against a database, and treated in a coherent and reliable way independent of other transactions. A transaction generally represents any change in a database. Transactions in a database environment have two main purposes: To provide reliable units of work that allow correct recovery from failures and keep a database consistent even in cases of system failure, when execution ...

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What is non merchant transaction?

This limitation also applies if a merchant wishes to prove an agreement with a non-merchant… Payment information can be sent directly from a consumer to a non-merchant, thereby allowing no new entities to obtain the payment information.

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What is a merchant transaction?

Susan Ward. Updated June 25, 2019. A merchant account is a type of bank account that allows businesses to accept payments by debit or credit cards. So a merchant account is an agreement between a retailer, a merchant bank and payment processor for the settlement of credit card and/or debit card transactions.

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