Economic operation is any action or event that affects the assets or financial position of an economic entity (e.g. a company). It includes both revenue and expense operations, as well as those involving cash flows or changes in assets and liabilities. Examples of business operations are the purchase of goods, the sale of products or services, the payment of wages and salaries, the taking of credit, the purchase of fixed assets.
Business operations are recorded in the accounts and have a direct impact on the balance sheet and profit and loss account companies.
