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Which of the following is not a transaction

This question belongs to Computer Fundamentals Tally
Tally
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Which of the following is not a transaction

Answer & Solution
Correct Answer: Option D
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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