A transaction is like a little deal between you and something else, maybe your friend, or your piggy bank.
What You Give and What You Get
Imagine you have a jar of candies. A transaction happens when you take some candies out or put some back in. Here are four kinds:
- You give candies to your friend, like trading your favorite gummy bear for a chocolate bar.
- Your friend gives you candies, maybe they share their last candy with you.
- You add more candies to the jar, like when mom gives you a bag of sweets on your birthday.
- You take candies out of the jar, like when you eat one before dinner.
Each time, something moves: you give, you get, you put in, or you take out, and that’s what makes it a transaction! A transaction is like a little deal between you and something else, maybe your friend, or your piggy bank.
Examples
- Buying groceries from a store
- Selling lemonade on the street
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See also
- What are rising costs for businesses?
- What are businesses?
- What are fixed costs?
- What are business environments?
- What are sales?