Which of the following transactions would have no impact on stock?

Purchase of land

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Purchase of goods for resale

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Credit sales

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Cash sales

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Solution

The correct option is A Purchase of land
Purchase of land will lead to increase in assets of an entity but it has no relation with the stock of the concern.

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Q. Which of the following transactions would have no impact on stockholder's equity?

Q. Which of the following transactions would have no impact on owner's capital?

Q. Quick Ratio of a company is 2:1. State giving reasons, which of the following transactions would (i) improve, (ii) reduce, (iii) Not change the Quick Ratio:
(a) Purchase of goods for cash; (b) Purchase of goods on credit; (c) Sale of goods (costing ₹10,000) for ₹10,000; (d) Sale of goods (costing ₹10,000) for ₹11,000; (e) Cash received from Trade Receivables.

Mention the subsidiary books in which the following transactions are recorded with reason thereof.

(i) Purchase of furniture on credit for use in a shop.

(ii) Sale of goods on credit.

(iii) Goods returned by debtors

(iv) Purchase of stock on credit.

(v) Providing for interest on capital to a proprietor.

(vi) Goods returned to creditors.

(vii) Sale of goods for cash.

The Current Ratio of a Company is 2 : 1. State, giving reasons which of the following transactions would (i) improve, (ii) reduce of (iii) not alter, the current ratio:

(a) Repayment of a Current Liability

(b) Purchasing goods on credit

(d) Sale of goods for Rs. 11,000 (Cost Rs 10,000)

(e) Redemption of Debentures.

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Which of the following transactions would have no impact on stock?

The correct option is A Purchase of landPurchase of land will lead to increase in assets of an entity but it has no relation with the stock of the concern.

The correct option is A Purchase of land
Purchase of land will lead to increase in assets of an entity but it has no relation with the stock of the concern.