Which of the following is NOT a business transaction?
A) The company sells goods on account.
B) The company buys land for cash.
C) The company is featured in a magazine article.
D) The company sells stock for cash.
Correct Answer:
Verified
Q4: The account is the basic summary device
Q6: Notes payable,accounts payable,taxes payable and salaries payable
Q10: A transaction is any event that has
Q13: Which account includes bank account balances?
A) Accounts
Q13: Assets include cash,land,and accounts payable.
Q15: An accounts receivable usually specifies an interest
Q16: Any event that has a financial impact
Q17: Prepaid expenses are an asset.
Q18: Transactions:
A) must be recorded for every company
Q19: Which of the following is a correct
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