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7.1 Edward Lee is about to start a business selling smartphone accessories on campus. Explain the impact of business transactions on cash by giving examples

7.1 Edward Lee is about to start a business selling smartphone accessories on campus. Explain the impact of business transactions on cash by giving examples of the transactions that involve cash at the start-up phase of the business.

7.2 Continue with question 7.1 above. Describe the electronic banking processes to Edward as he is setting up his business on campus.

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