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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.?
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External transaction is between two independent parties. is this state...
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- 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.
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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.?
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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.?.
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