Question :
A) Goods are purchased on cash basis for Rs 1000
B) Salaries paid for the month of May 20XX
C) Land is purchased for Rs 10 lakhs
D) An employee is dismissed from the job
Answer : D
Which of the following is not a transaction
A) Goods are purchased on cash basis for Rs 1000
B) Salaries paid for the month of May 20XX
C) Land is purchased for Rs 10 lakhs
D) An employee is dismissed from the job
Answer : D
Description :
An accounting transaction is a business event having a monetary impact on the financial statements of a business. It is recorded in the accounting records of the business. An employee is dismissed from the job does not have any monetary impact so it is not a transaction.
Related Questions - 1
Which option is used to place data taken in pen drive or CD to Appropriate place in Tally
A) Backup
B) Restore
C) Split Company Data
D) None of these
Related Questions - 2
The Profit & Loss statement can be displayed in ________ format(s).
A) Horizontal
B) Vertical
C) A or B
D) None of the above
Related Questions - 3
To create Manufacturing Journal which option must be activated
A) Use Common Narration
B) Narrations for each entry
C) Prefilled with Zero
D) Use as manufacturing Journal
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Which option is used in Tally to close opened Company
A) Alter
B) Shut Company
C) Create Company
D) Select Company