The statement that Social commerce is defined as the use of social networking websites to promote and sell products and services is True.
<h3>What is Social commerce?</h3>
Social commerce can be regarded as convergence of e-commerce as well as social media.
Therefore, social commerce use social media platforms to sell products and services.
Learn more about Social commerce at:
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Answer:
Financing section
Explanation:
Basically there are three types of activities:
1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.
2. Investing activities: It records those activities which include purchase and sale of the fixed assets
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.
By going through the meaning of each of the activities, the financing section would be the most appropriate option in the given transaction.