Question

All of the following events at a sandwich shop are transactions except O A. A customer purchases a sandwich. OB. A representative from the local university contacts the manager of the shop to get a list of catering services O C. The accountant for the sandwich shop pays the electric bill. OD. A delivery of coffee beans purchased on account from the local roaster is received.

Answer 1

Answer is B: A representative from the local university contact manager of the shop the get a list of catering services.

Explanation;

Transaction is occasion when someone buys or sells something, or when money is exchanged for the activity of buying or selling something.

In the Given case A representative from the local university contact manager of the shop the get a list of catering services. He is not buying any product (i.e goods) of sandwich shop. He just asking for list of catering services so that he can order it. so this event are not consider for transaction because he is neither buys or sells product nor money has been exchanged for the activity of buying or selling Product.

In other case are consider as a transaction because someone buys or sells something, or money is exchanged for the activity of buying or selling something

A. Customer Purchase a Sandwich (i.e Buying of goods)

B. The accountant for sandwich shop pays the electricity bill (i.e money is exchanged for payment of electricity bill)

C. A delivery of coffee bean purchase on account from the local roaster is received (i.e Buying of goods)