![]() So, a business transaction is not just buying and selling, it is in fact any event or activity that has an economic substance and that effects the business financially.Related to A "SIGNIFICANT BUSINESS TRANSACTION These sales are also business transactions and recorded as revenue/income of the business. After successfully completing the dresses, these were sold to the customers.These are also business transactions and are recorded as business expenses. Ricardo hired some staff to work at the factory and an Accountant for the office.These are also business transactions which are recorded as assets (property and equipment). To set up a factory for stitching the dresses, a building was acquired, and relevant machinery was purchased.This injection of capital is a business transaction which is recorded as equity/capital. ![]()
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