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Question 1: State with reasons whether the following events are transactions to Mr. Afnan's business
  1. Mr. Afnan started business with Rs. 50,000.
  2. Mr. Afnan bought furniture for Rs. 2,000 for business use.
  3. Submitted a tender for goods worth Rs. 10,000.
  4. Appointed a cashier on a salary of Rs. 2,000 per month.
  5. Paid salary to cashier Rs. 2,000.

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