Question

A record of different imaginary transactions for 10 days of a new business with capital of ₹ 1,00,000, like stationery shop /Newspaper stall /medical store / vegetable stall.

Answer 1

Answer:

and accounting system must recorded all business transactions to accurate information financial transaction are prepared in a business or transaction effect on accounting elements it help to ensure all the data it helps to know about the expense and income of the business it provide information about the effect on assets liabilities here is the example of imaginary transactions of stationery business