Which of the following will not result in recording a transaction? Multiple Choice Buying equipment and agreeing to pay a note payable and interest at the end of a yoar

Accounting Jan 23, 2021

Which of the following will not result in recording a transaction? Multiple Choice Buying equipment and agreeing to pay a note payable and interest at the end of a yoar. Selling shares to investors Payment for cleaning services performed Hinng of a full-time employee

Expert Solution

The correct answer is "Hiring of a full-time employee".

Supporting explanations:

Hiring of a full time employee does not have any affect on the financial transactions or records because it is not a financial transaction so no cash or credit is involved.

Therefore, remaining all transactions are financial transactions and have financial impact but hiring a full time employee is not recorded in the books of accounts as a transaction.

Hence, the correct answer is "Hiring of a full-time employee".

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