For each of the following scenarios, explain why each transaction is or is not a business transaction.
a. Jack a sole trader meets with his bank and negotiates a loan to provide additional finance to his business.
b. Jack purchases inventory for his store using EFTPOS.
c. Challis Ltd signs an employment contract for a new director two months before they actually start.
d. Butler& Co receives an invoice for internet expense.
e. Butler& Co pays the internet expense outstanding.
f. A partner from Dickson Associates withdraws a laptop from the business for home use.
g. Jack, a sole trader, has lunch with a potential client and discusses a discount incentive scheme for future business between the two parties.
h. The partner from Dickson Associates uses personal funds for a new home theatre system.