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Which would be a case where an event as a transaction

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Reference no: EM132777116

Problem 1: Which of the following would be a case where an event as a transaction is not supported by a source document?

a. Cash sale

b. Purchase of inventory on credit

c. Credit sale

d. None of these choices are correct.

Problem 2: All of the following are external events (transactions) except for a department store

a. running ads in a local newspaper.

b. purchasing merchandise from a clothing manufacturer.

c. moving goods from the stock-room to the retail floor for sale.

d. selling clothing to customers on credit.

Reference no: EM132777116

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