Which of the Following Is NOT an Accounting Transaction

question 45

Multiple Choice

Which of the following is NOT an accounting transaction?

• A) A payment is made by cheque to Telstra.
• B) A company is awarded a construction contract.
• C) A creditor charges interest for late payment.
• D) The bank informs you that a cheque has been dishonoured.

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Definitions:

Conscious Level

The degree of awareness that an individual has about their thoughts, feelings, and surroundings; the state of being awake and aware.

Psyche

Describes the human soul, mind, or spirit, as the center of thought, emotion, and behavior.

Ego

The component of the psyche that is responsible for dealing with reality while mediating between the desires of the id and the morals of the superego.

Id

In Freudian psychoanalysis, the part of the mind in which innate instinctive impulses and primary processes are manifested.