Which of the Following Is a Business Transaction

Asked by sntshtrk530 23rd Aug 2017 0738. Which of the following is not a business transaction.

Solved Which Of The Following Is A Business Transaction Oa Chegg Com

A company pays its employees a year-end bonus.

. C Paid sons fees from her personal bank account Rs. A company signs a contact for services to be provided during the first quarter of the next fiscal year. Pay for supplies Od.

The business pays salaries. Sell goods for cash Obmake a sales offer Oc. Business transactions will affect the financials of the company involved.

Which of the following is not a business transaction. B the event can be reliably measured. Bookkeeping refers mainly to the record-keeping aspects of financial accounting and involves preparing source documents for all transactions operations and other events of a.

A True b False c Partially true d Partially false. C the accountant determines that the event is important enough to be a business transaction. A company applies for a mortgage that will be used to purchase a new office building.

The effect of the transaction on the accountingequation was to a. Purchase of car for personal use is not relating to business and is not a business transaction. A business transaction has occurred when.

A Goods taken from the business by the proprietor for her personal use B Interviewing the candidates for employment C Sale of Household furniture Rs5000 D Received an order for sales of goods. A ___ utilizes both software and hardware to manage thousands of business and user data. A business transaction is the consequence of event.

Business transaction refers to any transaction of goods money or services into the business. Purchase inventory on account b. The transaction can be measured in monetary terms.

Increase an asset increase owners equity ANSWER. Rosariomividaa3 and 19 more users found this answer helpful. Assets are recorded at their original purchase price according to.

Which of the following is a cash transaction. A Bought furniture of Rs. A business paid 7000 to a creditor in payment of an amount owed.

Public accountants are normally Certified Public Accountants Forensic accountants Certified Internal Auditors Certified Management Accountants. Incurring interest on a business loan. The business renders services to various clients on account totaling 8000.

Investment of cash by the owner Drawings. Any transaction involving a cash amount that is less than the fair market value of a good or service being bargained for. A business transactions is an economic activity of the business that changes its financial position.

Name the two type of master data discussed in the lesson. Increase an asset increase a liability d. 17 which of the following events is a business.

D both A and B occur. Increase an asset decrease another asset Ob. The process of recording a business transaction in the journal is called a Costing b Balancing c Posting d Journalising.

A business transaction has occurred when. D Paid sons fees from the business Rs. Which of the following transactions lacks consideration.

The effect of the transaction on the accounting equation was to Oa. Providing services and purchasing services on credit are credit transaction while withdrawal of cash from a business bank account is a cash transaction. Receive cash for services to be rendered later A business paid 7000 to a creditor in payment of.

Receiving fees for services b. Hiring a new employee is not a business transaction because no exchange has taken place. C the accountant determines that the event is important enough to be a business transaction.

This preview shows page 2 out of 2 pages. Purchasing office supplies c. Which of the following transactions is of a financial character and will be recorded in the business.

Business transactions are done into two forms which are cash transactions and credit transactions. 100 in exchange for a candy bar. Bookkeeping is the recording of financial transactions and is part of the process of accounting in business.

Which of the following are business transactions. A business has the following transactions. A transaction processing system helps users to process data transactions within a Database system that tracks transaction programs.

Which of the following is a true statement about master data. A an event affects the entitys financial position. A an event affects the entitys financial position.

Business transactions can be as simple as a cash purchase or as complex as a long-term service contract. Finance questions and answers. Thus choices ab and.

B Paid salaries of employees Rs. Plan advertising for upcoming sale c. Make a sales offer sell goods for cash receive cash for services to be rendered later pay for supplies.

The business purchases supplies on account 600. Submit estimate for construction project. Hiring a new employee d.

Q1 Which of the following is not a business transaction. Transactions are application programs that. Which of the following events is a business transaction.

Increase one asset decrease another asset b. Which of the following is not a business transaction. B the event can be reliably measured.

Birthday of Employee B. The correct option is C. A Sold goods b Sold goods to Ravinder c Sold goods to Ravinder on credit d Sold goods to Ravinder on account.

The business is started by receiving cash from an investor in exchange for common stock 24000. Purchase of car for personal use. Give employees a raise beginning next month d.

A company hires a new marketing manager. Answer is b. 11 Which of the following is a business transaction.

The business purchases furniture on account 2500. D both A and B occur. Decrease an asset decrease a liability c.

But when employee performs his her functions and the company pays hisher salary that is the point where there is a business transaction. Which of he following is a true statement about customer master data. To be considered a business transaction the following characteristics must be present.

Business Transaction Definition Examples Top 2 Types

Business Transaction Definition Examples Top 2 Types

Solved Question 4 Which Of The Following Is A Business Chegg Com