What is a business transaction?
In the bookkeeping Denotes a business transaction eine transaction with a specific value that Business assets that affect equity or debt. As a core part of accounting Are business transactions therefore significant for balance sheet. In doing so, they can effective in the portfolio or profit His and that through external or internal transactions.
External vs. internal transactions
Die two main types of business transactions are external and internal transactions. The external ones are available, for example, by Purchases and sales of goods or services from or to customers and suppliers. Internal transactions include Apprevaluations of assets, which only increases its book value.
Profit-related vs. stock-effective transactions
Furthermore, we can Transactions effective in profit or inventory be. Inflows and outflows of assets influence the company success, while the stock-effective den success-neutral are. They only bring about changes in the composition of monetary and tangible assets.
An example of an inventory effective business transaction is the purchase of raw materials for production, where Funds converted into material without the value leaving the company. So you'll be on Inventory accounts booked. Profitable business transactions arise from, for example, sale of goods above the purchase price, as the difference is an effective profit victory represents. These are shown on Success accounts booked.
How do I record a business transaction?
Business transactions must be correct and correct in accountinglConstantly record. You do this using accounting documents. The transactions in cash are carried out in Cash book detained. In addition to ongoing business transactions For example, expenses for personnel, materials or services as well as rent, do you calculate Year-end transactions such as Depreciation, provisions and fixed and current assets. The booking is made at double bookkeeping even after “Should to have” principle on T accounts.
