Transaction
agreement, or communication, carried out between a buyer and a seller to exchange an asset for payment
A transaction is where something is bought, sold or traded.
A bank transaction is when money is taken out of or put into a bank. There are two mode of transactions as we can bank transact in two ways:
- Deposition of money
- Withdrawal of money
Transaction of money can be done through any means-by forms, cheques, etc.
