Quote Originally Posted by Bhavya View Post
Hello Friends,

I heard that there are two types of transactions, Financial and non financial.
I don't have a clear idea about non financial transactions just know that the non financial transaction don't involve money and goods.


Can someone explain me what are non- financial transactions?
A transaction which cannot cause a monetary impact on the company are non-financial transactions.
Love, Respect, affection, gratitude, trust, compassion can be identified as some examples.
For further clarification use this example: Occurrence of the flood is a non-financial transaction whereas the loss occurred due to flood is a financial transaction.