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Answer

Transaction is an instance of buying or selling something.

Answer

A transaction is a process in which two sides are involved in financial transactions for some specific purpose. For example, when anyone does any online shopping for any goods & services he has to pay through debit, credit card or through online banking and the transaction is completed it is called transaction.

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In simple terms the transaction is the insatsnce of buying or selling something.

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Transaction can be defined as any exchange that takes between two parties (buyer and seller). This exchange could be in the either in the form of aggrement, contract or transfer of goods and services.

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Financial transaction, an agreement, communication, or movement carried out between a buyer and a seller to exchange an asset for payment. Debits and credits in a Double-entry bookkeeping system. 

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An agreement between a buyer and a seller to exchange an asset for payment.

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