Which of the Following Statements About Transaction Analysis Is Not

question 191

Multiple Choice

Which of the following statements about transaction analysis is not correct?

• A)A transaction is an exchange or event that has a direct and measurable financial effect.
• B)Every transaction has at least two effects.
• C)Cash is the account credited when a bank loan is repaid.
• D)Notes Payable is the account debited when money is borrowed from a bank using a promissory note.

---

Definitions:

Supply Chain

The various firms involved in performing the activities required to create and deliver a product or service to consumers or industrial users.

Eddie Bauer

An American outdoor brand that specializes in clothing, accessories, and gear for sports and recreation.

Retail Outlets

Physical or digital stores that sell goods or services directly to consumers, offering a range of products from one or multiple brands.

Transactional Function

The activities involved in transferring ownership and possession of goods from sellers to buyers, such as selling, buying, and risk bearing.