Transactions That Impact Only Assets Do Not Require the Accounting

question 157

True/False

Transactions that impact only assets do not require the accounting equation to stay in balance.

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Definitions:

Proposition

A declaration or pronouncement that indicates an evaluation or stance, subject to being correct or incorrect.

Explanandum

An event or phenomenon that is to be explained.

Explanation

The process of making something clear or easy to understand by describing or giving details about it.

Electrical Wiring

A system of conductors and devices that transport electrical power or signals.