Question

Describe whether the followmg transachans are economica
non-economic transactions and clarify the reason for
(1) Assets sold to Min on credit for 22.000
(2) 8,000 paid for wages
(3)An order is received to samply goods of 10000​

Answer 1

Answer:

1) Economic ...as this is monetary transaction

2) Economic...as this is monetary transaction

3) Non economic...as this is not a monetary transaction

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