224k views
0 votes
What are the most common transaction types that occur during the life of an asset?

User Nirmi
by
7.5k points

1 Answer

6 votes

Final answer:

The most common transaction types that occur during the life of an asset are purchases, sales, and exchanges.

Step-by-step explanation:

The most common transaction types that occur during the life of an asset are purchases, sales, and exchanges.

A purchase transaction refers to acquiring an asset, such as buying a machine or a building. A sale transaction involves selling an asset to another party, while an exchange transaction occurs when an asset is traded or swapped for another asset.

User Ashraf Minhaj
by
7.7k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.