Which of the following is a cash transaction?
A)Declaration of a divided from a general reserve
B)Payment of a dividend to shareholders
C)Transfer from retained earnings to a general reserve
D)All of the above

Question

Quizplus · Accepted Answer

A cash transaction involves the actual transfer of money, such as paying dividends to shareholders. Declaration of a dividend from a general reserve or transfer from retained earnings to a general reserve do not necessarily involve a cash transaction.

Which of the Following Is a Cash Transaction