Question

state whether the following are business transaction
1.somnath started business with 3,00,00
2.purchased equipment for cash 15,000
3.Appointed Mamta as manager on a monthly salary of 12,000
4.paid for stationary 1400
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Answer 1

Answer:

option c is the correct answer

Answer 2

These are business transactions because in all these transactions Somnath dealing with money.

The business is an occupation in which people perform economic activities.

I hope this will help you friend.