Transaction facts for kids

Kids Encyclopedia Facts

A transaction is where something is bought, sold or traded.

A bank transaction is when money is taken out of or put into a bank. There are two mode of transactions as we can bank transact in two ways:

  1. Deposition of money
  2. Withdrawal of money

Transaction of money can be done through any means-by forms, cheques, etc.

Transaction Facts for Kids. Kiddle Encyclopedia.