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A service proprietorship shows five transactions summarized below. The effect of each transaction on the accounting equation is shown, and also the new balance of each item in the equation. For each transaction (a) to (e) write an explanation of the nature of the transaction.
Volunteer
An individual who offers services or help to an organization or a cause without expecting monetary compensation.
Single People
Individuals who are not currently involved in a married or romantic relationship, encompassing a wide range of lifestyles and choices.
Evolutionary Theories
Theories that explain social behavior and societal changes through the lens of Darwinian evolution, focusing on adaptation and survival mechanisms.
Altruism
Actions performed voluntarily with the intention of helping someone else that entail no expectation of receiving a reward or benefit in return (except possibly an internal feeling of having done a good deed for someone).
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