Accounting transactions are very important to a firm's operations.All of the following activities would affect account balances EXCEPT : A)buying and selling goods and services. B)paying taxes. C)using supplies. D)forecasting consumer demand.

Question

Quizplus · Accepted Answer

Forecasting consumer demand does not directly relate to actual financial transactions and therefore would not affect account balances. The other activities listed involve the exchange of money or resources and would impact account balances.

Accounting Transactions Are Very Important to a Firm's Operations