In this mini scenario, the transactions involve capital, assets and liabilities. The Business also obtains a loan and returns an asset.
Image representing 'The Medic'

Dr Debbie Reynolds has decided to set up a general practice which she will call 'The Medic'.  This mini scenario will take you through the initial transactions as she commences work on establishing the surgery.

The key learning step introduced in this scenario is that the business obtains a loan.