Which of the following is not a business transaction?
Answer & explanation
Correct answer: option 3
The correct answer is option 3- Paid son fees from her personal bank account ₹20,000.
Paying son's fees is the personal transaction as this expense is personal of owner and also paid by owner by her personal account not business account.
Option 4 is business transaction as personal expense is paid through business so it is considered as drawings.