An Accounting Transaction is a reflection of something in the world that happens. The business Activities that complete production of a product or make a sale all have attributes associated with them to record costs. This record of costs does not get reflected in the company’s books until an appropriate Accounting Transaction debits and credits the appropriate Accounts.

As we have seen, the specific nature of the transaction is controlled by the Accounting Transaction Type, but it is possible to see some of the kinds of transactions in the world that trigger the Accounting Transactions. As with Cost Center Assignments, it is possible to imagine Accounting Transaction Assignments linking Accounting Transactions to various ...

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