Question

Which of the following events cannot be quantified into money terms and recorded in the accounting transaction? a. The employment of a new accountant. b. The purchase of a new computer. c. The sale of store equipment. d. Payment of income taxes

Answer 1

Answer:

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a) the employment of a new accountant  

Explanation:

Which of the following events cannot be quantified into money terms and recorded in the accounting transaction?

a) this would be the employment of a new accountant.

the hiring of a new employees can not be quantified into money terms, unless its payment of their wages and salaries. but in this case hiring of new employees adds to the business as intangible assets ( goodwill) as experience is gained in the business

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