A business conducts thousands transactions with many stack holders e.g. employees, customers, suppliers etc; these transactions can be internal or external. An internal transaction is, in which no outside person or organization is involved. We can say that internal transaction is a transaction which is not related with two parties and it may be called inter company transactions, e.g. furniture lost by fire, depreciation charged, merchandise used, goods sold etc. While the external transactions are the transactions which take place between company and external parties e.g. customers, suppliers.
FEED BACK & COMMENTS WILL HIGHLY BE APPRECIATED
