Ask Question
31 July, 17:22

Examples of external transactions include all of the following except Group of answer choices

1. Paying employees salaries

2. Purchasing equipment

3. Depreciating equipment

4. Collecting a receivable

+2
Answers (1)
  1. 31 July, 18:22
    0
    3. Depreciating equipment

    Explanation:

    External transaction is a transaction that occurred between two or more parties that brings about a change in accounting system. An organization will always involves with many parties which includes:

    1. Paying employees salaries: payment of salaries is done between the organization and its staffs, which normally alter the account.

    2. Purchasing equipment : an equipment purchase is done between the seller and the buyer, which are two parties

    4. Collecting a receivables: are moneys or cost of items receives from the sales of a products or services. this is between the companies and the consumers

    3. Depreciating equipment : Depreciated equipment is still within the organization and doesn't change the accounting system until it is being sell off.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Examples of external transactions include all of the following except Group of answer choices 1. Paying employees salaries 2. Purchasing ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers