Which of these is a business transaction?
A) Negotiating trading terms with a new supplier.
B) Buying a new printer.
C) Meeting with the bank manager to extend the bank overdraft.
D) Hiring a new contractor to perform work for your business next week.
Correct Answer:
Verified
Q12: An owner pays her private motor vehicle
Q13: A business purchasing inventory on credit creates
Q14: The business completes a purchase order for
Q15: Which of the following would be recognised
Q16: The following accounts: equipment,accounts payable,sales revenue and
Q18: The effect of profit on the accounting
Q19: For the accounting equation to balance each
Q20: Assets should always be:
A) equal to liabilities.
B)
Q21: A business invoices a customer $200 for
Q22: Which of the following rules is correct?
A)
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