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This is a slightly harder double entry scenario. A loan is obtained and premises along with other assets are aquired and a number of day to day transactions are paid.
This is a long scenario and you will need to allocate up to an hour to complete the scenario.
Fiona is a fashion retail student and is interested in starting a business during her summer break. Fiona loves accessories and wants to do something she is really into. She decides to open a small shop called Bling.
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The following transactions tell the story her first two weeks in business.