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Jesse Durham
Business
19 July, 00:28
Implicit transaction
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Maren Krause
19 July, 00:41
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Dear user,
Answer to your query is provided below
Implicit Transaction are like Rent of owned building, Interest of own capital etc.
Explanation:
These transactions deals with the expenditure incurred on the intangible items.
Implicit transaction refers to the opportunity transaction of using firm's own resources.
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