This mini scenario allows you to practice transactions involving capital, asset and liabilities.
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In this mini scenario Simon Evans is setting up a small business venture 'Safety First' aimed at providing safety advice and equipment to small business as well as private home owners.  The business will specialise in smoke and CO2 detectors.

In the initial days of setting up the business, Simon introduces capital and purchases assets.  Some of the assets are purchased on credit requiring creditors accounts to be opened.