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fasb concepts transaction date

video by ssk advisorywebsite : wwwsskadvisorycomcheck out our knowledge page on http:wwwsiddharthkadakiacomsubscribe to us youtube on https:wwwyoutubecomchannelucantxixnzh5vlnfxbbl47oqlike us on facebook at https:wwwfacebookcomsskadvisoryfollow us on twitter at https:twittercomadvisorysskread our blogs on http:ssk-advisoryblogspotcomcontact us on 91 9987903701transaction datethe date at which a transaction for example a sale or purchase of merchandise or services is recorded in accounting records in conformity with generally accepted accounting principles gaap a long-term commitment may have more than one transaction date for example the due date of each progress payment under a construction contract is an anticipated transaction date