Which of the following is a true statement?
A)Transactions are events that may be either external or internal to an enterprise.
B)Events that are internal to the firm do not require entries in the firm's accounts.
C)Transactions are economic or financial events that may or may not be recorded in the firm's accounts.
D)"Simple events" do not have any significant economic variables that lead to essentially different recording.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is a true statement?
A)Transactions are events that may be either external or internal to an enterprise.
B)Events that are internal to the firm do not require entries in the firm's accounts.
C)Transactions are economic or financial events that may or may not be recorded in the firm's accounts.
D)"Simple events" do not have any significant economic variables that lead to essentially different recording.

Which of the Following Is a True Statement