Exchange Currency

nonmonetary transaction

A transaction that neither involves transfer of fund from one person to another nor has monetary value. An example is a change of personal detail. Non-monetary transaction can also be used in the activation of an Automated Clearing House (ACH) which cost $0 and the notification of change from an ACH.

Related information about nonmonetary transaction:
  1. Nonmonetary Transaction Definition | Investopedia
    Transactions that do not result in a transfer of funds between accounts. Nonmonetary transactions can be something as simple as a change of address or can ...
     
  2. Accounting for Nonmonetary Exchanges
    This contention existed despite the exhaustive guidance available in EITF Issues 98-3, Determining Whether a Nonmonetary Transaction Involves Receipt of ...
     
  3. What is nonmonetary transaction? definition and meaning
    Definition of nonmonetary transaction: A transaction that neither involves transfer of fund from one person to another nor has monetary value. An example is a ...
     
  4. 845 Nonmonetary Transactions - US GAAP Codification of ...
    Codification Topic 845. Nonmonetary Transactions Nonmonetary Transactions APB Opinion 29, May 1973 "Accounting for Nonmonetary Transactions" ...
     
  5. What Are Non-Monetary Transactions, How Are They Accounted ...
    “When one of the parties to a nonmonetary transaction could have elected to receive cash in lieu of the non-monetary asset, the amount of cash that would have ...
     
  6. Section 3831 Nonmonetary transactions - myCAsite.com
    The main accounting issue is measuring the asset received in a nonmonetary transaction. In a monetary transaction, assets are measured at cost, which is the ...
     
  7. Nonmonetary Transactions
    Nonmonetary Transaction, Basis of Accounting for Assets Transferred, text ... Nonmonetary Transaction, Name of Counterparty, text, Disclosure of the third party ...
     
  8. Purchases and Sales of Inventory with the Same ... - Orion Trading
    Dec 19, 2011 ... If one of the parties in a nonmonetary transaction could have elected to receive cash instead of the nonmonetary asset, the amount of cash that ...