Which of the following is a characteristic of a business transaction?
Business Transaction

Quiz
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Other
•
9th Grade
•
Medium
Nerena Abines
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It affects the financial position of the business.
It can be initiated by an unauthorized person
It is a for fun event
It is not supported by a source document
It is not supported by a source document
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a characteristic of Business Transaction?
It affects the financial position of the business
It can be initiated by an unauthorized person
It is a monetary event
It is supported by a source document
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an example of a business transaction?
a. A purchase of a personal dress.
b. Payment of a bill in Accounts Payable.
c. Receipt of a payment for an Accounts Receivable.
d. Receipt of a loan proceeds.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a business transaction?
a. A purchase of a personal dress.
b. Payment of a home electricity bill.
c. Receipt of a personal gift from a friend.
.
d. Receipt of a payment for an Accounts Receivable.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is value parted with?
a. given away
b. taken
c. received
d. wiped
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an example of a Business Transaction?
a. A purchase of supplies or raw material
b. A sale of merchandise or services
c. Attending wedding ceremony
d. Payment of a bill in Accounts Payable
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are two items that must be considered and analyzed in a business
transaction?
a. service received and service parted with
b. service received and parted with
c. value received and service parted with
d. value received and value parted with
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