Which of the following statement is correct: Select one: a. The concept duality means that every business transaction will have only one effect on the accounting equation b. The concept duality means that every business transaction will have at least two effects on the accounting equation c. The concept duality means that every business transaction will have always two effects on the accounting equation d. None of these is correct.

Which of the following transaction is not a business transaction:

Select one:

a.

Owner used personal credit card to buy a computer for the business use

b.

Owner used business credit card to buy a computer for personal use

c.

Owner used personal credit card to buy a computer for personal use

d.

Owner used business credit card to buy a computer for the business use