Question

41 which of the following represents an external transaction? multiple choice salaries earned by employees but not yet paid. payment of utility bill. use of office supplies by employees over time. lapse of insurance due to passage of time

Explanation:

External transactions involve an exchange between an entity and an outside party. Payment of a utility bill is an exchange with an external utility - providing company. Salaries earned but not yet paid is an internal accrual, use of office supplies is an internal consumption, and lapse of insurance due to time is an internal accounting adjustment.

Answer:

Payment of utility bill