Which of the Following Is Not an Accounting Transaction

question 180

Multiple Choice

Which of the following is not an accounting transaction?

• A) Issued shares of stock to investors in exchange for cash contributions of $4,000.
• B) Ordered inventory from suppliers for $3,000.
• C) Sold equipment to another company for $3,000 and accepted a note from the company promising payment in 6 months.
• D) Borrowed money from the bank by signing a promissory note for $2,000.

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Definitions:

Knights of Labor

A 19th-century labor organization in the United States that advocated for the rights of workers, including better pay and working conditions.

Strikes

A work stoppage initiated by employees to protest against their employer's policies or practices, often organized by unions.

Working Conditions

The environment, terms, and circumstances under which an individual is employed, including hours, physical aspects, legal rights, and safety.

Economic Structure

Economic structure refers to the composition and workings of an economy, including how resources are allocated, industries are organized, and how economic activities are interrelated.