Answer:
Types of transaction are sales, receipts, payments and purchase
Step-by-step explanation:
Transactions also known as the business event, where there is an exchange of the economic consideration which could be reasonably measured and affects the financial position of the firm.
The kinds of the transactions which can be carried out with the currency are as: sales, purchase, payments and receipts. As the sale is where something or a product is transferred to buyer from seller, for money, purchase is where something is bought against the money, receipts is like where something is received and the payments is where the payment to someone made against some work.