Transact example sentences

It is a convenient mode of maintaining records as the owner may record only important transactions according to the need of the business.Cash book is a book in which all transactions relating to cash receipts and cash payments are recorded.Since foreign trade transactions involves movement of goods across frontiers and use of foreign exchange, a number of formalities are needed to be performed before the goods leave the boundaries of a country and enter into that of another.They are also called legal tenders as they cannot be refused by any citizen of the country for settlement of any kind of transaction.The official reserve transactions are seen as the accommodating item in the BoP (all others being autonomous).The book in which the transaction is recorded for the first time is called journal or book of original entry.Below the Recording of Transactions - I 57 account titles, a brief description of the transaction is given which is called Narration.The transaction data of simple accounting vouchers is required to be stored in the ouchers table of a database by using a data entry Form in Access.It records the page number of the original book of entry on which relevant transaction is recorded.For example, purchase of machinery, installing and keeping it ready for manufacturing is an event which comprises number of financial transactions such as buying a machine, transportation of machine, site preparation for installation of a machine, expenditure incurred on its installation and trial runs.Official reserve transactions are, therefore, not equal to zero.However, if the number of transactions is very large, this total may be done and posted at some other convenient time interval such as daily, weekly or fortnightly.Text control for entering Code in SubForm can be morphed to List control in the same manner as already explained for Debit/Credit Account in simple Transaction oucher except that the Control source property is assigned the Field name Code of ouchersDetail Table.Thus, under this system, the monitory effect of a transaction is taken into account in the period in which they are earned rather than in the period in which cash is actually received or paid by the enterprise.In fact, now-a-days bank transactions are very large in number.

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