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
Single Entry mode is applicable for
A) Receipt Voucher
B) Contra Voucher
C) Payment Voucher
D) All of these
Related Questions - 2
Which option is used to view Stock Items or Group Summary
A) Accounts Books
B) Inventory Books
C) Statutory Books
D) Display
Related Questions - 3
Which option is used in Tally to close opened Company
A) Alter
B) Shut Company
C) Create Company
D) Select Company
Related Questions - 4
Which option from Company Info. menu is selected to create a new Company in Tally
A) Company Create
B) Create Company
C) Create
D) New Company
Related Questions - 5
We can see Working Capital figure changing
A) Voucher configuration
B) Profit & Loss configuration
C) Balance Sheet configuration
D) Ledger configuration