Which of the following is an example of a non-financial transaction? O Sale of products O Cash...

Question:

Which of the following is an example of a non-financial transaction?

  1. O Sale of products
  2. O Cash disbursement
  3. O Log of customer calls
  4. O Purchase of inventory
  5. O None of these answers is correct

Non-Financial Transactions:

Non-financial transactions are transactions that do not involve the flow of money or goods and services, for instance, the destruction of a plant by a natural disaster or the appointment of new staff. Non-financial transactions almost always have a related financial implication, but that is a separate transaction.

Answer and Explanation: 1

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Sale of products No, there is a monetary value to this transaction
Cash disbursement No, money is obviously...

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Business Transaction: Definition, Types & Analysis

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Chapter 1 / Lesson 5
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Understand the meaning of a business transaction in accounting, see some examples of a business transaction, and explore different types of business transactions.


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