Question

Describe whether the following transaction are economic or non economic transaction and clarify the reason for it
1 assets sold to Mira on credit for rupees 22,000
2 rupees 8000 paid for wages
3 an order is received to supply goods of 10000​

Answer 1

Answer:

1. non ecoonomic

2. economic

3. economic

Answer 2

Answer:

Economic transaction

Economic transaction

Non economic transaction