business transaction



An economic event that initiates the accounting process of recording it in a company's accounting system.

Use this term in a sentence

  • The politician who believed in free market capitalism was arrested for soliciting a prostitute; he shrugged it off and just said it was a legitimate business transaction.

    3 people found this helpful    
  • Andrea knew that, while she was personally upset, the selling of her company's New Brunswick office was just a business transaction that made since because most of their customers lived further south.

    11 people found this helpful    
  • You should always try to make sure that both parties in the business transaction are happy with how things played out.

    10 people found this helpful    
Show more usage examples...

Related Videos

Have a question about this term? Ask for help in the
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z