Printable View
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?
Quote:
Originally Posted by Bhavya
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!
Quote:
Originally Posted by Bhavya
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 for your clarification Shivani,Quote:
Originally Posted by Shivani
Thank you so much wondergirl,Now I know what are the transactions are non financial transactions.Quote:
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.
A transaction which cannot cause a monetary impact on the company are non-financial transactions.Quote:
Originally Posted by Bhavya
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.
Thank you for this clear explanation about non financial transactions, It's really helpful.Quote:
Originally Posted by Lorraine
Made with 
in Sri Lanka