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Which of the following does not represent a business transaction a Assets sold and money introduced in business. b goods are sold on credit. c capital Introduced in the business. d efficient of management?
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Which of the following does not represent a business transaction a Ass...
Not representing a Business Transaction
Introduction: Business transactions are the activities that take place between businesses and their stakeholders. These transactions are recorded in the accounting system of the business to keep track of financial activities. However, there are certain activities that are not considered as business transactions.
Option D: Efficient of Management:
Efficiency of Management is not considered as a business transaction because it is not related to any financial activity. Although, it is essential for a business to have efficient management to ensure the success of the business, it does not involve any exchange of money or assets. It is simply a measure of how well the management is able to utilize the resources available to them to achieve the goals of the business.
Other Options:
a) Assets sold and money introduced in business: This is a business transaction as the business is selling its assets in exchange for money.
b) Goods are sold on credit: This is also a business transaction as the business is selling its goods to customers on credit, which means that the payment will be received at a later date.
c) Capital Introduced in the business: This is also a business transaction as the business is receiving money from an investor or owner in exchange for ownership in the business.
Conclusion: In conclusion, not all activities in a business are considered as business transactions. The efficiency of management is not a business transaction as it does not involve any financial activity.
Introduction: Business transactions are the activities that take place between businesses and their stakeholders. These transactions are recorded in the accounting system of the business to keep track of financial activities. However, there are certain activities that are not considered as business transactions.
Option D: Efficient of Management:
Efficiency of Management is not considered as a business transaction because it is not related to any financial activity. Although, it is essential for a business to have efficient management to ensure the success of the business, it does not involve any exchange of money or assets. It is simply a measure of how well the management is able to utilize the resources available to them to achieve the goals of the business.
Other Options:
a) Assets sold and money introduced in business: This is a business transaction as the business is selling its assets in exchange for money.
b) Goods are sold on credit: This is also a business transaction as the business is selling its goods to customers on credit, which means that the payment will be received at a later date.
c) Capital Introduced in the business: This is also a business transaction as the business is receiving money from an investor or owner in exchange for ownership in the business.
Conclusion: In conclusion, not all activities in a business are considered as business transactions. The efficiency of management is not a business transaction as it does not involve any financial activity.
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Which of the following does not represent a business transaction a Assets sold and money introduced in business. b goods are sold on credit. c capital Introduced in the business. d efficient of management?
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Which of the following does not represent a business transaction a Assets sold and money introduced in business. b goods are sold on credit. c capital Introduced in the business. d efficient of management? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Which of the following does not represent a business transaction a Assets sold and money introduced in business. b goods are sold on credit. c capital Introduced in the business. d efficient of management? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following does not represent a business transaction a Assets sold and money introduced in business. b goods are sold on credit. c capital Introduced in the business. d efficient of management?.
Which of the following does not represent a business transaction a Assets sold and money introduced in business. b goods are sold on credit. c capital Introduced in the business. d efficient of management? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Which of the following does not represent a business transaction a Assets sold and money introduced in business. b goods are sold on credit. c capital Introduced in the business. d efficient of management? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following does not represent a business transaction a Assets sold and money introduced in business. b goods are sold on credit. c capital Introduced in the business. d efficient of management?.
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