A sales transaction occurs when a buyer exchanges money for goods or services from a seller. This process typically involves an agreement on the price and the terms of the sale, which can include payment methods and delivery options. Sales transactions can happen in various settings, such as retail stores, online platforms, or through direct sales. In a sales transaction, both parties have specific roles: the buyer seeks to acquire a product or service, while the seller aims to provide it in exchange for payment. Proper documentation, like receipts or invoices, is often generated to record the details of the transaction for future reference.