CA Foundation Exam > CA Foundation Questions > External transaction is between two independe...
Start Learning for Free
External transaction is between two independent parties. is this statement right. first of all answer in yes or no. I don't need any explanation about it.?
Most Upvoted Answer
External transaction is between two independent parties. is this state...
Yes
- External Transaction Definition: An external transaction is a business activity or event that involves two independent parties who are not related to each other.
- Characteristics of External Transactions:
- They involve parties that are not related or affiliated with each other.
- They typically involve the exchange of goods, services, or financial assets.
- They are conducted at arm's length, meaning that both parties are acting in their own best interest.
- Examples of External Transactions:
- Purchasing inventory from a supplier.
- Selling products to customers.
- Obtaining a loan from a bank.
- Importance of External Transactions:
- They help businesses expand their operations by engaging with external parties.
- They allow businesses to access resources and opportunities that may not be available internally.
- They contribute to the overall economy by facilitating trade and commerce.
- Conclusion: In conclusion, an external transaction is indeed between two independent parties who are not related to each other. This distinction is important in understanding the dynamics of business relationships and transactions.
- External Transaction Definition: An external transaction is a business activity or event that involves two independent parties who are not related to each other.
- Characteristics of External Transactions:
- They involve parties that are not related or affiliated with each other.
- They typically involve the exchange of goods, services, or financial assets.
- They are conducted at arm's length, meaning that both parties are acting in their own best interest.
- Examples of External Transactions:
- Purchasing inventory from a supplier.
- Selling products to customers.
- Obtaining a loan from a bank.
- Importance of External Transactions:
- They help businesses expand their operations by engaging with external parties.
- They allow businesses to access resources and opportunities that may not be available internally.
- They contribute to the overall economy by facilitating trade and commerce.
- Conclusion: In conclusion, an external transaction is indeed between two independent parties who are not related to each other. This distinction is important in understanding the dynamics of business relationships and transactions.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
External transaction is between two independent parties. is this statement right. first of all answer in yes or no. I don't need any explanation about it.?
Question Description
External transaction is between two independent parties. is this statement right. first of all answer in yes or no. I don't need any explanation about it.? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about External transaction is between two independent parties. is this statement right. first of all answer in yes or no. I don't need any explanation about it.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for External transaction is between two independent parties. is this statement right. first of all answer in yes or no. I don't need any explanation about it.?.
External transaction is between two independent parties. is this statement right. first of all answer in yes or no. I don't need any explanation about it.? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about External transaction is between two independent parties. is this statement right. first of all answer in yes or no. I don't need any explanation about it.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for External transaction is between two independent parties. is this statement right. first of all answer in yes or no. I don't need any explanation about it.?.
Solutions for External transaction is between two independent parties. is this statement right. first of all answer in yes or no. I don't need any explanation about it.? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of External transaction is between two independent parties. is this statement right. first of all answer in yes or no. I don't need any explanation about it.? defined & explained in the simplest way possible. Besides giving the explanation of
External transaction is between two independent parties. is this statement right. first of all answer in yes or no. I don't need any explanation about it.?, a detailed solution for External transaction is between two independent parties. is this statement right. first of all answer in yes or no. I don't need any explanation about it.? has been provided alongside types of External transaction is between two independent parties. is this statement right. first of all answer in yes or no. I don't need any explanation about it.? theory, EduRev gives you an
ample number of questions to practice External transaction is between two independent parties. is this statement right. first of all answer in yes or no. I don't need any explanation about it.? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup