Which of the following events is not a transaction that would be recorded in a company's accounting records?

A. The purchase of equipment for cash. B. The purchase of equipment on account. C. The investment of additional cash in the business by the owner. D. The death of a key executive.

Question

Business

Maya Saunders

20 March, 12:35

Which of the following events is not a transaction that would be recorded in a company's accounting records?

A. The purchase of equipment for cash. B. The purchase of equipment on account. C. The investment of additional cash in the business by the owner. D. The death of a key executive.

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Answers (1)

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Kaley Moss · Answer 1

D. The death of a key executive.

Explanation:

The accounting records refer to the recording of the day to day transactions that involve the purchase made. additional cash investment, cash sales, cash receipts, expenses incurred, withdrawn for personal use, cash payments, etc

The amount would be posted to the income statement, statement of stockholder equity, balance sheet, and the cash flow statement.

Since in the given scenario, the first three options reflect the accounting records while the last option is not relevant that means this is a correct option

Which of the following events is not a transaction that would be recorded in a company's accounting records?A. The purchase of equipment for cash. B. The purchase of equipment on account. C. The investment of additional cash in the business by the owner. D. The death of a key executive.

Which of the following events is not a transaction that would be recorded in a company's accounting records?

A. The purchase of equipment for cash. B. The purchase of equipment on account. C. The investment of additional cash in the business by the owner. D. The death of a key executive.