A transaction
An event
A non financial data
None of the above
Answer is Wrong!
Answer is Right!
The correct answer is A. A transaction.
A transaction is an economic event that results in a change in the financial position of an entity. In this case, Ashoka Ltd. has purchased a machine from Tata & Sons for Rs. 1,50,000. This transaction will result in an increase in Ashoka Ltd.’s assets (the machine) and a decrease in its cash.
An event is a happening that has no financial impact. For example, a change in the weather is an event.
Non-financial data is data that is not related to money. For example, the number of employees in a company is non-financial data.
I hope this helps!