Types of business transactions
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A business
Uses economic resources
Providing jobs
Commercial or industrial concern existing to deal in the manufacture, resale or supply of goods and services
Invest money to make more money
Businesses
By liability
By sector
limied
Unlimited
Public
Private
Two main types of business transactions
Private Ltd
Pulic Ltd
Sole trader
Partnesship
By cash
On credit
Cash sales
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Purchase for cash
Credit sales
Purchase on credit
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Documenting business transactions
External documentation
Internal documentation