An External Transaction Is an Exchange Within an Entity That

question 284

True/False

An external transaction is an exchange within an entity that may or may not affect the accounting equation.

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Definitions:

Computer Virus

Malicious software designed to replicate itself and spread from one computer to another, often disrupting computer operations, stealing information, or damaging data.

Purge Program

Typically refers to a systematic effort to eliminate or remove unwanted or unnecessary information, files, or items from a system or space.

Operational Program

A plan detailing the day-to-day activities and procedures a business or organization follows to achieve short-term objectives and run its operations effectively.

Disaster Recovery Planning

Is the strategic process of creating a structured approach with policies and procedures for responding to potential disasters or disruptions to a company’s operations.