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Which of the following is not a business transaction? a.Erin purchased hedge trimmers for her lawn service agreeing to pay the supplier next month. b.Erin deposits $15,000 in a bank account in the name of Erin's Lawn Service. c.Erin provided services to customers earning fees of $600. d.Erin pays her monthly personal credit card bill.

Sagot :

(D) Erin pays her monthly personal credit card bill.

What is a business transaction?

  • A business transaction is an economic event involving a third party that is documented in the accounting system of an organization.
  • Such a transaction needs to have a monetary value.
  • Purchasing insurance from an insurer is an illustration of a business transaction acquiring stock from a vendor.

What is a credit card?

  • A credit card is a payment card that is given to customers so they can pay a merchant for products and services based on the debt they have accumulated.

Since Erin paying her credit card is her personal transaction.

Therefore, the answer will be (D) Erin pays her monthly personal credit card bill.

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