It is typically coordinated across separate nodes connected by a network, but may also span multiple databases on a single server. When the cash basis of accounting is being used, a transaction is recorded when cash is spent or received. A distributed transaction is a set of operations on data that is performed across two or more data repositories (especially databases). Alternatively, lower-volume transactions are posted directly to the general ledger. Experts talk about a database transaction as a unit of work that is achieved within a database design environment. Because transactions include any event that has a monetary impact on your financial records, there are a lot of items that are transactions. Receiving payment from a customer in exchange for goods or services delivered.Ī high-volume transaction, such as a billing to a customer, may be recorded in a specialized journal, which is then summarized and posted to the general ledger. What Does Transaction Mean A transaction, in the context of a database, is a logical unit that is independently executed for data retrieval or updates. In accounting, a transaction is any monetary business event that impacts a business’s financial statements. Paying a seller with cash and a note in order to obtain ownership of a property formerly owned by the seller. Paying a supplier for services rendered or goods delivered. Send us feedback about these examples.A transaction is a business event that has a monetary impact on an entity's financial statements, and is recorded as an entry in its accounting records.
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'transaction.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Scott Horner, The Indianapolis Star, 30 Mar. 2023 Rarely does a struggling team get the chance to reboot the machine and upload itself back to relevance with one seismic transaction. Direct deposits are transfers into an account, such as payroll, benefits, and tax. 2023 Prosecutors in Manhattan District Attorney Alvin Bragg's office are believed to be investigating whether Trump directed the falsification of business records to conceal payments reimbursing Cohen for the Daniels transaction. ACH transfers are electronic, bank-to-bank money transfers processed through the Automated Clearing House Network. 2023 Sharing information with businesses works in a similar way, but users can opt out of sharing data not relevant to the transaction. 2023 First Republic Bank, which handled the transaction, reports it to the Treasury Department as suspicious. 90, according to Herrington Realty, which handled the transaction. 59 in Loxley, adjacent to the new CEFCO convenience store and gas station under construction near U.S. transaction: noun accomplishment, achievement, act, action, activity, administration, adventure, affair, commission, completion, consummation, deal, deed. In a transaction, the seller supplies goods, services or other financial assets in.
2023 Gardner Equipment has leased a 7,200–square-foot office warehouse complex on Ala. A transaction is an agreement between two parties: a buyer and a seller. 2023 The idea that Grant would land in Portland was in the NBA rumor mill for months prior to the transaction. 2023 King said Edwards was paid $505 for the transaction. Recent Examples on the Web Thomas didn't disclose the transaction, according to ProPublica, despite a federal law that requires officials to make note of real-estate sales in excess of $1,000.
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