Which of the following transactions does not involve an exchange of value?
A)Payment of a debt
B)Purchase of a building on credit
C)Borrowing money
D)Loss from theft

Name: Which of the following transactions does not involve an exchange of value? A)Payment of a debt B)Purchase of a building on credit C)Borrowing money D)Loss from theft
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Question

Quizplus · Accepted Answer

Loss from theft does not involve an exchange of value as there is no transfer of money or assets between parties. It only involves a loss for one party.

Which of the Following Transactions Does Not Involve an Exchange