Which of the following business events is not a transaction
A)Signing a contract.
B)Paying wages.
C)Receiving goods.
D)Purchasing a service.

Question

Quizplus · Accepted Answer

Signing a contract involves the agreement of terms and conditions between two parties, but it does not involve any exchange of goods or services for consideration. Hence, signing a contract is not a transaction. On the other hand, paying wages, receiving goods, and purchasing a service involve some form of exchange of goods or services for consideration and hence are considered transactions.

Which of the Following Business Events Is Not a Transaction