What is Barter?

The direct exchange of goods or services for other goods or services without the use of money. As Britannica notes, the exchange takes place at fixed ratios or by bargaining. The main difficulty of moneyless trade: each side must want exactly what the other has (the "double coincidence of wants"); money removes this problem because everyone accepts it. In accounting, under NAS No. 2, selling goods or services in exchange for other goods or services (barter) is a revenue-generating transaction; an exchange for goods of equal or similar value, however, does not generate revenue. In barter, revenue is recognised at the value of the goods or services received at current prices (adjusted for the amount of money transferred or received); where such a measurement is not possible, the value of the goods or services dispatched is used as the basis.

Source: Britannica Money: barter; 2-son BHMS, 14-band