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What criteria are considered when identifying a business transaction? Where would donations be listed business transactions?

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Accounting

What criteria are considered when identifying a businesstransaction?

Where would donations be listed business transactions?

Answer & Explanation Solved by verified expert
3.6 Ratings (660 Votes)
a A business transaction should be qualified with following criteria characteristics 1 The transaction should be involved with the business entity principle The transaction should be separately classified    See Answer
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What criteria are considered when identifying a businesstransaction?Where would donations be listed business transactions?

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