Question

Examples of monetary and non monetary transactions​

Answer 1

Answer:

monetary transaction: Rs100000 buys plant and machinery

non monetary transaction: namonamo gives clothes, foods, etc. to charity

Answer 2

Answer:

Under, the economic activity various transaction took place some involves money exchanges on another side of the coin they don't.

Similarly, Monetary activities are the transaction of the business, Organization or house-hold in which money is the medium of exchange to obtain goods and services.

But, Non- Monetary activities are the transfers that include money but in return, they are not economical.

--->> Example of Monetary Activities -

• Purchasing of goods and services like clothes, footwear, books, etc.

• Payment made regarding services like transport, in a restaurant, etc.

--->> Example of Non- Monetary Activities -

• Donations and Charities to the Orphanage and Old-Age homes.

• Providing Gifts to the employee or relatives.