An Exchange of Value Between Two Entities That Yields a Change

question 124

Multiple Choice

An exchange of value between two entities that yields a change in the accounting equation is called:

• A) An external transaction.
• B) The accounting equation.
• C) Net Income.
• D) Recordkeeping or bookkeeping.
• E) An asset.

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Definitions:

Contaminating

The act of making something impure or unsuitable by contact or addition of a harmful substance.

Bedpan

A receptacle used for the toilet needs of a bedridden patient in a healthcare setting.

Fecal Elimination

The process of excreting waste from the digestive tract through the anus.

Auscultation

The process of listening to sounds produced within the body.