Internal Transactions Have No Effect on the Accounting Equation

question 20

True/False

Internal transactions have no effect on the accounting equation.

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Definitions:

Top Values Query

A type of query that retrieves a specified number or percentage of records from the top of a sorted list.

Unsorted Records

Unsorted Records refers to data entries in a database or dataset that are not arranged in any specific order, such as alphabetical or numeric.

Aggregate Function

A function in database management that performs a calculation on a set of values and returns a single value, such as sum, average, count, min, and max.

Statistic

A numerical measurement describing some characteristic of a sample or population, often used in the analysis of data.