Question

What is a non business transaction

Answer 1

Answer:

In the context of accounting, a nonfinancial transaction is a transaction in which assets, liabilities, expenses, income, and equity do not change. An example of this would be hiring an employee.

Explanation:

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Answer 2

Answer:

g, a nonfinancial transaction is a transaction in which assets, liabilities, expenses, income, and equity do not change.