Question

what's non business transactions give examples
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Answer 1

Answer:

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. No journal entry is necessary for a non financial transaction.

Explanation:

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Answer 2

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. No journal entry is necessary for a non financial transaction.