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Home > QFINANCE Dictionary > Definition of business transaction

Definition of

business transaction

Operations & Production

instance of buying or selling an act of buying or selling goods or services in order to make a profit

Recommended Further Reading (Term count)
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    More and more, companies located throughout the world are recognizing that the way to sustain long-term growth is not by continuing to emphasize local, in-country markets. Whether it be for better or worse, global business is a factor that can provide businesses with the opportunity to consider new and challenging markets. In 2008, we saw that severe credit and financial issues could spread quickly, and that no part of the world was immune....
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    The purpose of the statutory or financial statement audit is to enhance the degree of confidence of intended users of the financial statements as to whether the financial statements are prepared in accordance with an applicable financial reporting framework. The most widely accepted and adopted auditing standards are those issued by the International Federation of Accountants (IFAC).Following the emergence and phenomenal growth of Islamic...

Definitions of ’business transaction’ and meaning of ’business transaction’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’business transaction’ and other financial terms with our online QFINANCE Financial Dictionary.

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