Final answer:
Transactions are not only recorded when there is an exchange of cash. Other forms of payment, such as credit cards, checks, and online payment methods, can also be used to record transactions.
Step-by-step explanation:
No, transactions are not only recorded when there is an exchange of cash. While cash transactions are common, many transactions also occur without the physical exchange of cash. For example, transactions can be recorded when using credit cards, checks, or online payment methods. These transactions involve the transfer of money electronically, without the need for physical cash exchange.