Ram purchased goods of Rs. $10, 000$ . This can be classified as _________.

An Event

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A Transaction

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A transaction as well as an event

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Neither a transaction nor an event

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Solution

The correct option is B A Transaction
Any exchange of value for value (for money or money's worth) is called a transaction. Something having value is received, and something having value goes out. Selling or purchasing of goods or taking or granting any loan are examples of transactions.
Ram purchased goods of Rs.10,000 is a transaction.

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Ram purchased goods of Rs. 10,000. This can be classified as _________.

Ram purchased goods of Rs. $10, 000$ . This can be classified as _________.