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Transactions

Which of the ...

Question

Which of the following is not a business transaction?

A

Incurring interest on a business loan

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B

Purchasing office assets

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C

Receiving fees for services

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D

Hiring a new employee

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Solution

The correct option is D
Hiring a new employee

Hiring a new employee is not a business transaction because it does not effect the books in any manner whatsoever.

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