Hari's father gifted him a tennis racket on his birthday. The cost of the racket was Rs 800. A few months later Hari sold the racket to his friend Shyam for Rs 850. He was very happy to ear a profit of Rs 50. He was boosted by this transaction and after completing his studies, he formed a partnership business with his friend Shyam trading in Sports material under the name M/S Hari and Traders. The firm soon starts earning a good profit. He started donating some sports goods to financially weak students. A. Can the transaction between Hari and Shyam be considered as a business transaction? Give reasons. B. Can the transaction between M/S Hari Traders and others be termed as a business transaction? Give reasons. C. According to you which value motivated Hari and Shyam to donate sports goods?
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A. Yes , It can be considered as business transaction because business is all about profit.
B. Yes , It can too.
C. As they were earning a good amount of money they should donate.
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