3 Questions
Which of the following best describes a business transaction?
An exchange of goods, services, or money between two or more parties
What is capital in a business?
A critical component of any business to run its daily operations and help its future growth
What are drawings in the context of a business?
Withdrawals made by the owners of a business for personal use
Test your knowledge on business transactions and capital with this quiz. Learn about the financial events that occur between parties and how capital plays a crucial role in the daily operations and future growth of a business.
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