TY  - CHAP
AB  - Abstract The exchange of reciprocal and quantitative consideration between transaction parties rests on the independent intentions and judgments of potential benefit for each. A transaction consummated between independent parties should logically be beyond subsequent unilateral modification. And, because “duality” is inherent in every exchange-priced transaction, the account form follows the lead of transaction substance. Conditions precedent to consummation of a transaction is two affirmative value judgments by the parties as to the benefits expected.
VL  - 20
SN  - 978-1-78635-389-4, 978-1-78635-390-0/1479-3504
DO  - 10.1108/S1479-350420160000020046
UR  - https://doi.org/10.1108/S1479-350420160000020046
PY  - 2016
Y1  - 2016/01/01
TI  - The Substance of Transactions
T2  - A. C. Littleton’s Final Thoughts on Accounting: A Collection of Unpublished Essays
T3  - Studies in the Development of Accounting Thought
PB  - Emerald Group Publishing Limited
SP  - 215
EP  - 224
Y2  - 2024/04/19
ER  -