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Which of the following events is not a transaction?

A. Mr. Employer paid salary of Rs.9,000 to Mr. Employee.

B. Rahul sold his bicycle to Rohan for Rs.600.

C. Abhijeet gifted a book, priced at Rs.800, to Amit.

D. None of the above.

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Net Realisable Value of an asset means
  2. Goodwill is not a fictitious asset.
  3. The short description of a transaction written at the end of a journal entry is known as _______________.
  4. Capital + Long-term liabilities = Fixed Assets + Current Assets + Cash - Current Liabilities.
  5. WDV stands for
  6. Copyright is an example of
  7. Contingent liability is an ascertained liability but its amount and due date are indeterminate.
  8. WIP stands for
  9. Cash is an example of
  10. A part of the profit distributed to the shareholders is known as
  11. The account which can never have a credit balance is
  12. According to the Concept of Conservatism, an accountant should
  13. Mr.Customer purchased goods from Mr.Seller on credit. This is a/an
  14. HUF stands for
  15. Depreciation cannot be provided in case of loss, in a financial year.
  16. Accrual concept implies accounting on cash basis.
  17. All events are transactions but all transactions are not events.
  18. In Double Entry System of Book Keeping, the total of Debit balances may not be equal to the total of…
  19. The cost of a machine is Rs.5,70,000. Its scrap value is Rs.25,000 and useful life is 10 years. The…
  20. The basic unit of measurement of the accounting system is ______________.
  21. Expenditure, which result in acquisition of permanent assets, is a capital expenditure.
  22. Which of the following equation(s) is(are) true
  23. The cost of a machine is Rs.6,00,000. The rate of depreciation is 10%. The depreciation for the 3rd…
  24. Deferred Revenue Expenditure is current year's revenue expenditure to be paid in latter years.
  25. Depreciation is not charged on _______________.
  26. E. & O.E.
  27. The aggregate of direct material, direct labour and direct expenses is known as
  28. Transfer to General Reserve is a charge against
  29. The first step of accountancy is
  30. The accounts of a company may be maintained using Single Entry System of Book Keeping also.