The rules for recording accounting transactions do NOT include which of the following?
A)Every transaction's net amount on the left side of the equation must equal the net amount on the right side.
B)Both sides of the accounting equation must be affected.
C)Every transaction affects the financial statements of the business.
D)Total assets must always equal total liabilities plus total equity.

Question

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The Answer of The rules for recording accounting transactions do NOT include which of the following?
A)Every transaction's net amount on the left side of the equation must equal the net amount on the right side.
B)Both sides of the accounting equation must be affected.
C)Every transaction affects the financial statements of the business.
D)Total assets must always equal total liabilities plus total equity.

The Rules for Recording Accounting Transactions Do NOT Include Which