Talk:Financial transaction
Latest comment: 11 years ago by Vilhelmo in topic Barter Myth
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What is the Difference between an Accounting System and a Financial Transaction?
editHi everybody out there please help me tackle this issue here. I have been struggling to determine the difference between a financial transaction and an accounting system. Can anybody out there please brief me a bit about this two systems please your help will be truly appreciated.
- A financial transaction is an exchange operation that involves finances (or money) (for example, a purchase, a sell, etc.). An accounting system is the method an enterprise or an individual uses to register the financial transactions. I hope you find this useful.--ase 20:31, 6 November 2006 (UTC)
Barter Myth
editThe first sentence under the heading "History" contains a major falsehood. It reads, "In ancient times, non-financial transactions were commonly conducted through a system of barter, in which goods and services were exchanged directly, without a financial medium." This statement is false. The is no evidence whatsoever of any society using barter as a primary means of exchange, either intra-group or inter-group. Vilhelmo (talk) 12:49, 17 May 2013 (UTC)