Which of the following would not be recorded as an identifiable accounting transaction?
A)Putting a deposit down on a new vehicle.
B)Hiring a new employee.
C)Obtaining a bank loan.
D)Receiving a deposit from a customer.

Question

Quizplus · Accepted Answer

Although hiring a new employee may involve financial transactions such as paying their salary or benefits, it is not an identifiable accounting transaction as it does not involve an exchange of goods or services between the business and another party. The other options involve transactions that would be recorded in accounting records as they involve exchanges of money or assets.

Which of the Following Would Not Be Recorded as an Identifiable