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7 October, 14:45

Implicit transaction

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  1. 7 October, 16:40
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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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