Discussion :: Tally
- Which of the following is not a transaction
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A.
Goods are purchased on cash basis for Rs 1000 |
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B.
Salaries paid for the month of May 20XX |
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C.
Land is purchased for Rs 10 lakhs |
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D.
An employee is dismissed from the job |
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Answer : Option D
Explanation :
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.
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