question 7 of 10: what is a typical first transaction for a business? a) purchase of a building b) withdraw…

question 7 of 10: what is a typical first transaction for a business? a) purchase of a building b) withdraw cash from companys bank account c) invests cash into business d) purchase land

question 7 of 10: what is a typical first transaction for a business? a) purchase of a building b) withdraw cash from companys bank account c) invests cash into business d) purchase land

Answer

Answer:

C. Invests cash into business

Brief Explanations:

For a business to start operations, it first needs capital. Investing cash into the business is a common first - step to provide the necessary funds for subsequent activities like purchasing assets or paying initial expenses. Other options like purchasing a building or land usually come after having capital, and withdrawing cash from the company's bank account can't be the first transaction as there needs to be money in the account first.