Question

A company sold a machine for $15,000 in cash. What type of transaction is this?

a) Accrual
b) Barter
c) Cash
d) Credit

Answer 1

A cash transaction, where a company sells a machine for $15,000 in cash.

Step-by-step explanation:

The type of transaction where a company sells a machine for $15,000 in cash is a Cash transaction.

A cash transaction involves the exchange of goods or services for immediate payment in cash.

In this case, the company received $15,000 in cash at the time of sale, making it a cash transaction.