Took a loan of Rs.2000 from Sachin for the marriage.
state whether the the following transcation is business
transcation or non business transcation? with reson or
explaination?
Answers were Sorted based on User's Feedback
Answer / tej prakash sati
This is simply a non business transaction because the
marriage expenses are never relates to any business and
this is a personal expense which needs to be bear by
individual not by a company /organization.
Is This Answer Correct ? | 5 Yes | 1 No |
Answer / nanjappa
Since the purpose is non business transaction. But taking
Loan is business Transaction. Hence it is a business
transaction.
Is This Answer Correct ? | 1 Yes | 0 No |
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