Answer
This is a business transaction.
Work Step by Step
The purchase of a computer reflects an increase in fixed assets, therefore, this is a business transaction.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 3 - The Accounting Information System - Questions - Page 132: 2a
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
