Exchanges of property or service with other entities are called:
A) Transactions.
B) Cashflows.
C) Outgoings.
D) Expenses.

Name: Exchanges of property or service with other entities are called: A) Transactions. B) Cashflows. C) Outgoings. D) Expenses.
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Question

Quizplus · Accepted Answer

Transactions do not necessarily involve cash at the time of the transaction and are not limited to outgoings or expense related transaction, but may be any exchange of property or service with another entity

Exchanges of Property or Service with Other Entities Are Called