For the Accounting Equation to Balance,a Transaction Must Affect Both

question 95

True/False

For the accounting equation to balance,a transaction must affect both sides of the equation.

---

Definitions:

Differentiation

The process of distinguishing a product, service, or business in the market by developing unique features, benefits, or capabilities.

Communication

The process by which information is exchanged between individuals through a common system of symbols, signs, or behavior.

Yielding Conflict

A conflict resolution strategy where one party gives in to the demands or viewpoints of another to resolve the disagreement.

Equal Power

A condition or state where all participants or groups have the same amount of control, influence, or authority.