Internal transactions do not affect the basic accounting equation because they are economic events that occur entirely within one company.
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Q34: Net income for the period is determined
Q35: Private accountants are accountants who are not
Q36: External transactions involve economic events between the
Q37: The basic accounting equation states that Assets
Q38: Accountants record both internal and external transactions.
Q40: Identifying is the process of keeping a
Q41: Which of the following would not be
Q42: All of the following are services offered
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Q44: Which of the following techniques are not
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