Accounting transactions are very important to a firm's operations. Which of the following activities would affect the firm's account balances?
A) Buying and selling goods and services
B) Interviewing prospective employees
C) Understanding economic reports
D) Forecasting consumer demand

Question

Quizplus · Accepted Answer

Buying and selling goods and services are considered business transactions that involve the exchange of money or credit which would affect a firm's account balances. The other choices may provide useful information, but they do not directly impact the firm's account balances.

Accounting Transactions Are Very Important to a Firm's Operations