Asked by Selena Dahabreh on May 17, 2024
Verified
Which of the following is not a business transaction?
A) make a sales offer
B) sell goods for cash
C) receive cash for services to be rendered later
D) pay for supplies
Sales Offer
A promotional or sales activity making a specific proposal to entice customers to buy a product or service.
Goods
Physical items that are sold or traded, typically manufactured products or raw materials.
Business Transaction
An economic event with a third party that is recorded in an organization's accounting system.
- Distinguish between different types of transactions, including those that are not considered business transactions.
Verified Answer
AS
Ashley SpeckMay 18, 2024
Final Answer :
A
Explanation :
A business transaction involves an exchange of goods, services, or funds between two or more parties. Making a sales offer does not constitute a business transaction because no exchange has taken place at that stage.
Learning Objectives
- Distinguish between different types of transactions, including those that are not considered business transactions.