Which of the following is NOT an example of an accounting transaction?
A) A salesman disappears with a company vehicle and merchandise.
B) The bank charges interest on a loan.
C) A customer settles an account by undertaking delivery work for the business.
D) A purchase order for inventory is sent to a supplier.

Question

Quizplus · Accepted Answer

A purchase order for inventory is sent to a supplier does not represent an actual exchange of assets or financial commitment until the order is fulfilled and invoiced, making it not an accounting transaction. Transactions in accounting typically involve an exchange of value that can be measured and recorded.

Which of the Following Is NOT an Example of an Accounting