Which of the following events is not a transaction that would be recorded in a company's accounting records?
A)The purchase of equipment for cash.
B)The purchase of equipment on account.
C)The investment of additional cash in the business by the owner.
D)The death of a key executive.

Question

Quizplus · Accepted Answer

The death of a key executive is not a transaction that would be recorded in a company's accounting records, as it does not involve a financial exchange or transfer. The other three events involve the transfer of cash or assets, which would be recorded in the accounting records.

Which of the Following Events Is Not a Transaction That