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
Answer: Option D
Solution(By Examveda Team)
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 on Tally
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in general the financial year from shall be from
A. 1st April of any year
B. 31st March of any year
C. All of them are true
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Which menu appears after starting Tally for the first time
A. Gateway of Tally
B. Company Info
C. Display
D. None of these
Which option is used in Tally to make changes in created company
A. Select Company
B. Shut Company
C. Alter
D. None of these
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