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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?
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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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