Explanation:

Types of Accounting Transactions based on the Exchange of Cash. Based on the exchange of cash, there are three types of accounting transactions, namely cash transactions, non-cash transactions, and credit transactions.
Accounting transactions refer to any business activity that results in a direct effect on the financial status and financial statements of the business.

Such transactions come in many forms, including:

• Sales in cash and credit to customers
• Receipt of cash from a customer by sending an invoice
• Purchase of fixed assets and movable assets
• Borrowing funds from a creditor
• Paying off borrowed funds from a creditor
• Payment of cash to a supplier from a sent invoice