Business Transaction

Business Transaction

9th Grade

10 Qs

quiz-placeholder

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Business Transaction

Business Transaction

Assessment

Quiz

Other

9th Grade

Medium

Created by

Nerena Abines

Used 50+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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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