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Thread: Can someone tell me what are non-financial transactions?

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    Can someone tell me what are non-financial transactions?

    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?
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    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?

    Yes, non-financial transaction means where something doesn't have a monetary value, whereas you make transactions based on stuff that doesn't have a monetary value!
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    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?

    Non financial transactions involves no transfer of funds between accounts .
    Change of user details ,balance,inquiry,mini statement printing
    PIN change and cheque book request are the NFTs at ATM.

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    Quote Originally Posted by Shivani View Post
    Yes, non-financial transaction means where something doesn't have a monetary value, whereas you make transactions based on stuff that doesn't have a monetary value!
    Thank you for your clarification Shivani,

    Non financial transactions involves no transfer of funds between accounts .
    Change of user details ,balance,inquiry,mini statement printing
    PIN change and cheque book request are the NFTs at ATM.
    Thank you so much wondergirl,Now I know what are the transactions are non financial transactions.
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    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 flo
    od is a non-financial transaction whereas the loss occurred due to flood is a financial transaction.
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    Quote Originally Posted by Lorraine View Post
    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 flo
    od is a non-financial transaction whereas the loss occurred due to flood is a financial transaction.
    Thank you for this clear explanation about non financial transactions, It's really helpful.
    You're not going to master the rest of your life in one day. Don't stress. Master the day. Make this a daily reminder.

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