Which of the following is not an accounting event?
A)A customer places an order for goods.
B)A firm issues stock for cash.
C)A firm received,but did not pay,a bill for advertising.
D)A firm purchased equipment on account.

Question

Quizplus · Accepted Answer

A customer placing an order for goods is not an accounting event. It is a business event, but it does not involve any financial transaction that would require an entry in the accounting records. The other options involve financial transactions that would need to be recorded in the accounting system.

Which of the Following Is Not an Accounting Event