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:

Detached

Non-involved or emotionally disengaged, often used to describe a person's demeanor or a method of observation.

Reclusive

Characteristic of a person who lives in solitude, avoiding contact with other people and often withdrawing from the society.

Personality Disorder

A type of mental disorder characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating from those accepted by the individual's culture.

Clusters of Personality Disorders

Groupings of personality disorders in the DSM-5 that share similar characteristics, divided into three clusters: A (odd or eccentric behaviors), B (dramatic, emotional, or erratic behaviors), and C (anxious or fearful behaviors).