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What is an accounting transaction?

The business actions impacting the financials is an accounting transaction. The above mentioned answer is TRUE or FALSE.

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Question added by Khaja Moinuddin , Group Assistant Financial Controller , Confidential
Date Posted: 2013/05/14

True.
accounting transactions are the events which happen in a company such as selling purchasing and so on.

Sherin Dharmasheelan
by Sherin Dharmasheelan , Senior Credit Controller , Maritime and Mercantile International LLC

TRUE.
It is a transaction which is quantifiable in monetary terms and for each debit there is a corresponding credit and vice versa.

Farhad Ali
by Farhad Ali , Accountant , AL Aaly holding

True,,,,,,,.............
and for your information ........................
business action which d,t effect financial is called Event so that,s the main difference b/w event and transaction.................

Khaled Abdelrehim ACCA DipIFR CMA
by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

true

Aziz ur Rehman ur Rehman
by Aziz ur Rehman ur Rehman , Assistant Manager Finance , Central Power Puchasing Agency (CPPA)

true,

in addition to thisaccounting transaction means any movement   relating to finacials of a business  must be account for and recording of this is a  "accounting transaction"  

Hayssam Marhaba
by Hayssam Marhaba , Senior Accountant , Computer and Power Technology LLC - ( MDS Computer Group )

Accounting transactions can refer to virtually any type of monetary transaction, either in a business or even in a household. The accounting of these monetary transactions can take place in written ledger books or with accounting software. Some examples of accounting transactions include income and invoices, investments, purchases for office equipment, payroll payouts, any sale of products or goods, petty cash transactions, receipts from sales, and business owners writing themselves a check from business accounts.

true the happening of event such as sale, purchase or any other debit credit balance is called accounting transaction

Every registered event in the financial administration (e.g.
ERP) can be called an accounting transaction.

Khaja Moinuddin
by Khaja Moinuddin , Group Assistant Financial Controller , Confidential

TRUE

Anas Yousuf
by Anas Yousuf , Senior Accountant , Siniora Gulf General Trading Company

True a business event which impacting the financials is called transaction

Mazhar Tammam kamel
by Mazhar Tammam kamel , Claims Customer Service Representative Claims Csr , Etisalat UAE

TRUE  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:

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