A company's transaction processing system processes both financial and non-financial transactions.Which of the following is a non-financial transaction?
A)Purchase of inventory from supplier
B)Sale of goods to a customer
C)Updating credit history of a customer
D)Lease payment on president's automobile

Question

Quizplus · Accepted Answer

Updating credit history of a customer is a non-financial transaction because it involves updating information rather than the transfer of money or financial assets.

A Company's Transaction Processing System Processes Both Financial and Non-Financial