Organizational Monetary Transaction
(Redirected from Monetary Organizational Financial Transaction)
An Organizational Monetary Transaction is a monetary transaction that is an organizational transaction.
- Context:
- It can (often) be referenced by an Accounting Transaction.
- …
- Counter-Example(s):
- See: Financial Transaction.
References
2001
- (McQuaig & Bille, 2001) ⇒ Douglas J McQuaig, and Patricia A Bille. (2001). “College Accounting." Houghton Mifflin.
- QUOTE: Accounting is the process of analyzing, classifying, recording, summarizing, and interpreting business transactions in financial or monetary terms. A business transaction is an event that has a direct effect on the operation of an economic unit, is expressed in terms of money, and is recorded. Examples of business transactions are buying or selling goods, renting a business, paying employees, and buying insurance.
The primary purpose of accounting is to provide the financial information needed for the efficient operation of an economic unit. The term economic unit includes not only business enterprises but also not-for-profit entities, such as government bodies, churches...
- QUOTE: Accounting is the process of analyzing, classifying, recording, summarizing, and interpreting business transactions in financial or monetary terms. A business transaction is an event that has a direct effect on the operation of an economic unit, is expressed in terms of money, and is recorded. Examples of business transactions are buying or selling goods, renting a business, paying employees, and buying insurance.