Which of the following is not a business transaction

Asked by admin @ 11/08/2021 in Accountancy viewed by 531 People

Q2. Which of the following is not a business transaction?

(a) Bought furniture for personal use of Rs. 5,000.
(b) Bought furniture of Rs. 5,000 for business.
(c) Paid for salaries of employees Rs. 5,000.
(d) Paid rent for office building of Rs. 1,000.

Answered by admin @ 11/08/2021

(a) Bought furniture for personal use of Rs. 5,000.

Because it is not given that the money is used from business. So we can't say that it is drawing.

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