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इंडियन गवर्नमेंट एग्जाम प्रेप

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
Correct Answer: D
Solution & Explanation

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.

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संबंधित प्रश्न (Related)

Which of the following is compulsory to create while entry in Accounts with Inventory

Default ledger accounts in tally are ________

A ______ is sent to the seller when he is taken back the sold goods

Single Entry mode is applicable for

Predefined groups are also called as

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