Question

9. Which one of the following is a characteristic of a
valid business transaction?
It is an event measurable in terms of
money
It affects the financial position of the
business
It should be supported by a source
document
All of the above

10. Which one of the following is an internal
transaction?
Recording salaries expense
Purchase of goods from supplier
Recording depreciation
Purchase of equipment for cash​

Answer 1

Answer:

1) B

2) A

This is your answer

Answer 2

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