Which of the following is not an event that concerns the accounting of the company? A) Paying wages to employees B) One of the cars buys a vehicle C) Purchasing commercial goods D) Selling goods and services to customers E) Withdrawing cash loans from the bank

Which of the following is not an event that concerns the accounting of the company? A) Paying wages to employees B) One of the cars buys a vehicle C) Purchasing commercial goods D) Selling goods and services to customers E) Withdrawing cash loans from the bank

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

16 - Which of the following is not an event that concerns the accounting of the company?
A) Paying wages to employees

B) One of the cars buys a vehicle

C) Purchasing commercial goods

D) Selling goods and services to customers

E) Withdrawing cash loans from the bank

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