Question

Identify in outline format the three major business activities of an organization. For each of these activities, identify at least two specific transactions or events normally undertaken by the business’s owners or its managers.

Short answer

Financing activities are performed related to the raising of finance of the business and the activities are operating, investing, and financing activities.

Step-by-step solution

Definition of financing Activities

Financing activities are defined as business activities that involve the raising of funds and repayment of debts.

Three major business activities

Activities	Transaction 1	Transaction 2
Operating activities	Sales revenues	Selling expense paid
Investing Activities	Purchase of fixed assets	Fixed assets disposed
Financing activities	Amount invested by the owner	Debt Taken