Transaction is a logical unit of work. When we say a logical unit, it means the unit of work has a logic involved in it and this unit of work has to be performed in its completeness or not at all. A transaction cannot be completed partially.
For example, let’s say in an organization there is a change in the employee’s salary. This revised salary has to be applied to all the employees or none of the employees. Similarly when a bank pays interest on Savings Account, it has to pay interest on all the Savings Account that is present in the books or NONE.
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