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.

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Definitions:

Sodium Ions

Positively charged particles of sodium, essential in the body for maintaining cellular function, nerve impulses, and fluid balance.

Anesthetic Drugs

Substances used to induce anesthesia, rendering the patient insensible to pain.

Novocain

A synthetic compound used as a local anesthetic in medical and dental procedures; it is often substituted for safer and more effective anesthetics today.

Sodium

A chemical element (Na) that is essential for life, involved in osmoregulation and nerve function.