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Which of the following is not a business transaction
a)bought furniture for rupees 10000 for business
b)paid 5000 as salaries of employees
c)paid 20000 towards son's fees from personal bank account
d)paid 2000 towards son's fees from the business?
Most Upvoted Answer
Which of the following is not a business transaction a)bought furnitur...
Not a Business Transaction Explanation:
- Paid 20000 towards son's fees from personal bank account: This transaction is not a business transaction because the payment was made from the personal bank account, not the business account. Business transactions involve the exchange of goods or services for money or credit within the context of the business operations. When personal funds are used for expenses unrelated to the business, it does not qualify as a business transaction.

Explanation:
- Bought furniture for rupees 10000 for business: This is a business transaction as it involves the purchase of furniture for the business, which will be used in the business operations to generate revenue.
- Paid 5000 as salaries of employees: This is a business transaction as it involves the payment of salaries to employees for their work in the business.
- Paid 2000 towards son's fees from the business: This is a business transaction as it involves the payment of fees from the business account, which is related to the business operations.
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Which of the following is not a business transaction a)bought furniture for rupees 10000 for business b)paid 5000 as salaries of employees c)paid 20000 towards son's fees from personal bank account d)paid 2000 towards son's fees from the business?
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Which of the following is not a business transaction a)bought furniture for rupees 10000 for business b)paid 5000 as salaries of employees c)paid 20000 towards son's fees from personal bank account d)paid 2000 towards son's fees from the business? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following is not a business transaction a)bought furniture for rupees 10000 for business b)paid 5000 as salaries of employees c)paid 20000 towards son's fees from personal bank account d)paid 2000 towards son's fees from the business? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is not a business transaction a)bought furniture for rupees 10000 for business b)paid 5000 as salaries of employees c)paid 20000 towards son's fees from personal bank account d)paid 2000 towards son's fees from the business?.
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