Which of the Following Statements Is Not True

question 22

Multiple Choice

Which of the following statements is not true?

• A) An accounting system deals primarily with economic events that affect an organization's accounting equation.
• B) Some accounting events may mature into accounting transactions while others may not.
• C) Only accounting events that have matured into accounting transactions must be captured and reported by the accounting system.
• D) Most accounting transactions result from an organization's day-to-day operations.

---

Definitions:

Shopping

The act of browsing, selecting, and purchasing goods or services from retailers, either in-store or online.

Retailer's Strategy

Encompasses plans and actions implemented by retail businesses to attract customers, optimize sales, and enhance their competitive position in the market.

Value

The significance or worth of something, often considered in terms of its usefulness, importance, or general merit.

Price

The amount of money expected, required, or given in payment for something.