The five primary activities of a business generally are: a.receiving cash, disbursing cash, buying assets, issuing dividends, and paying off liabilities. b.making a profit, issuing financial statements, repaying debts, issuing dividends to shareholders, and complying with laws and regulations. c.receiving assets, selling assets, issuing financial statements, collecting cash, and making cash disbursements. d.receiving assets, purchasing assets, selling goods or services, collecting cash from customers, and repaying owners and creditors.

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A:

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is