Which of the following would not be recorded as an accounting transaction?
A) Putting a deposit down on a new vehicle
B) Hiring a new employee
C) Receiving cash upon signing a note
D) Receiving a deposit from a customer

Question

Quizplus · Accepted Answer

Hiring a new employee is not an accounting transaction as it does not involve any exchange of assets or liabilities. The other options involve a transfer of assets or liabilities and would be recorded as accounting transactions.

Which of the Following Would Not Be Recorded as an Accounting