Which of the following is not a transaction

A Goods are purchased on cash basis for Rs 1000
B Salaries paid for the month of May 20XX
C Land is purchased for Rs 10 lakhs
D An employee is dismissed from the job

Correct Answer: An employee is dismissed from the job

An accounting transaction is a business event having a monetary impact on the financial statements of a business. It is recorded in the accounting records of the business. An employee is dismissed from the job does not have any monetary impact so it is not a transaction.

Related Questions

In the Financial Decision-Making System which of the following is not a transaction processing system input:
Which of the following is not a transaction?
কোনটি লেনদেন নয়? (Which is not a transaction?)

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