Knowee
Questions
Features
Study Tools

Which of these business events does not result in an accounting transaction?Select answer from the options belowOrder supplies from vendorDeliver product to customerDeclare a dividendPay a dividend

Question

Which of these business events does not result in an accounting transaction?Select answer from the options belowOrder supplies from vendorDeliver product to customerDeclare a dividendPay a dividend

🧐 Not the exact question you are looking for?Go ask a question

Solution

The business event that does not result in an accounting transaction is "Deliver product to customer". This is because delivering a product does not change the financial position of the company. It does not involve an exchange of money or a change in the company's assets, liabilities, or equity, which are the elements that would be recorded in an accounting transaction. On the other hand, ordering supplies from a vendor, declaring a dividend, and paying a dividend all involve changes to the company's financial position and would therefore result in accounting transactions.

This problem has been solved

Similar Questions

Which of the following is not a business event?Select answer from the options belowHire a new employee.Order raw materials.Accounts receivable.Deliver goods to customer.

Which of these would not be classified as an operating item in a statement of cash flows?Group of answer choicesCash dividends received.Cash payment of expenses.Cash received from sales.Cash received from the sale of surplus machinery.

Which of the following is NOT an event?  Purchase order received  Claim withdrawn by customerClaim withdrawn by customer  Notify settlement decision to customer

The following are three business transactions. For each column, indicate whether the transactions increased, decreased, or had no effect on assets, liabilities, and stockholders’ equity.AssetsLiabilitiesStockholders’ Equity(a)Purchased supplies on account.Select an option Select an option Select an option  (b)Received cash for performing a service.Select an option Select an option Select an option  (c)Paid expenses in cash.

Which of the following is not included in the operating activities section of a cash flow statement?  A. Dividend payments  B. Cash received from customers  C. Cash paid to suppliers  D. Payment for salaries

1/2

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.