Can you explain the answer of this question below:
On January 1, Sohan paid rent Rs. 5,000. This can be classified as 
  • A:
    An event 
  • B:
    A transaction. 
  • C:
    A transaction as well as an event. 
  • D:
    Neither a transaction nor an event. 
The answer is b.

CA Foundation Question

3 Answers
Adarsh Jha answered May 23, 2018
Because rent paid is regular basis transection

Ayushi Jajodiya answered Aug 07, 2019
Rent paid is a transaction because rent paid is a regular basis activity . Rent paid is a business transaction . And all regular basis activities of business are consider as transaction .

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