Which of the Following Is Not a Business Transaction

question 116

Multiple Choice

Which of the following is not a business transaction?

• A) make a sales offer
• B) sell goods for cash
• C) receive cash for services to be rendered later
• D) pay for supplies

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Definitions:

Checking Account

A bank account that allows the holder to withdraw funds using checks or a debit card, typically used for daily transactions.

Deposit

A sum of money placed into an account or given as a security for the future payment of a service.

Certified Check

A check validated by a bank where the bank guarantees the availability of the funds behind the check.

Personal Check

A hand-written document that orders a bank to pay a specific amount of money from the writer's account to another party.