Which of the following is not a business transaction?
A) Erin, the CEO, buys $15,000 in stock, placing the money in a bank account in the name of Bob's Lawn Service.
B) Erin provided services to customers, earning fees of $600.
C) Erin purchased hedge trimmers for Bob's Lawn Service, agreeing to pay the supplier next month.
D) Erin pays her monthly personal credit card bill.

Question

Quizplus · Accepted Answer

Paying a personal credit card bill is not a business transaction as it does not involve any business entity or activity. A, B, and C are all examples of business transactions as they involve either buying assets or providing services related to a business.

Which of the Following Is Not a Business Transaction