A business transaction is recorded when？
A. It can be reliably measured in monetary terms
B. It occurs at arm’s length.
C. It must be involved in cash
D. It must be exchange of resources between the entity and another entity or individual
Which are the Source documents
A. Financial reports
B. Sales invoice
C. purchase orders
D. ATM receipts
Which transactions are involved in Expenses?
A. payment of wages
B. payment of GST
C. purchase of digital camera购买数码相机
D. cash purchases of office supplies
Which transactions are involved in Income?
A. sale of goods to customer
B. provision of services to client
C. contribution of capital by owners
D. cash purchases of a computer
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