Transaction

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What is a Business Transaction? A business transaction is a financial transaction between two or more parties that involves the exchange of goods, money, or services. To engage in a business transaction, the business exchange must be measurable in monetary value so it can be recorded for accounting purposes. Business transactions will affect the financials of the company involved. Business transactions can be as simple as a cash purchase or as complex as a long-term • The transaction can be measured in monetary terms • The transaction occurs between the business and a third party • The transaction is on behalf of the business entity, and it is not for an individual purpose • The transaction is recorded by authorized legitimate documents like an invoice, sale order, receipt, etc. that supports the transaction A business transaction can occur between two parties for mutual benefits or between a business entity and a customer, such as a store and a person purchasing an item from the store. To learn more, What is Not a Business Transaction? Some events that occur during the daily operation of a business are not considered business transactions. The best way to determine whether an event is a legitimate business transaction is to consider how it would be entered into an accounting record. If there is no possible way to record the event for accounting purposes, it is not a business transaction. Many businesses utilize a pro forma template or a pro forma financial statement to ac...

In this article Applies to: Rolls back an explicit or implicit transaction to the beginning of the transaction, or to a savepoint inside the transaction. You can use ROLLBACK TRANSACTION to erase all data modifications made from the start of the transaction or to a savepoint. It also frees resources held by the transaction. This does not include changes made to local variables or table variables. These are not erased by this statement. Syntax --Applies to SQL Server and Azure SQL Database ROLLBACK [ ; ] Note To view Transact-SQL syntax for SQL Server 2014 and earlier, see Arguments transaction_name Is the name assigned to the transaction on BEGIN TRANSACTION. transaction_name must conform to the rules for identifiers, but only the first 32 characters of the transaction name are used. When nesting transactions, transaction_name must be the name from the outermost BEGIN TRANSACTION statement. transaction_name is always case-sensitive, even when the instance of SQL Server is not case-sensitive. @ tran_name_variable Is the name of a user-defined variable containing a valid transaction name. The variable must be declared with a char, varchar, nchar, or nvarchar data type. savepoint_name Is savepoint_name from a SAVE TRANSACTION statement. savepoint_name must conform to the rules for identifiers. Use savepoint_name when a conditional rollback should affect only part of the transaction. @ savepoint_variable Is name of a user-defined variable containing a valid savepoint name. Th...