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Question

Identify the economic event from the following?


A

A housewife doing day to day work like cooking, laundry etc

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B

A person doing a work for hobby like gardening, fishing, painting and so on

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C

Work done for charity like providing free services to earthquake victims

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D

Paying advance to employee who met an accident

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Solution

The correct option is D

Paying advance to employee who met an accident


Only the event in D is an economic event because it effects the financial position of the organisation or a person.


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