Accountancy, asked by ottoyy90, 4 months ago

A type of transaction that has no effect on accounting equation.

Answers

Answered by mahi577
9

Explanation:

Every Business transaction which is to be considered for accounting i.e. every Accounting transaction, has its effect on the fundamental accounting equation. Each transaction alters the expressions forming the equation in such a way that the accounting equation is satisfied after every such alteration.

Similar questions