The Accounting Equation Doesn't Have to Be in Balance After

question 15

True/False

The accounting equation doesn't have to be in balance after the recording of each transaction.

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Definitions:

World Exists

The acknowledgment of the reality of the physical universe and everything in it.

Barrier To Critical Thought

An obstacle or factor that impedes the ability to think clearly, logically, or objectively.

Emotions

Complex psychological states that involve physiological responses, subjective feelings, and expressive behaviors.

Rationalism

The belief that religion should be consistent with reason and evidence.