c. has unlimited liability O d. has all of the above characteristics QUESTION 3 Choose the best statement on the recording of transactions: a. a transaction is a record of exchange of value between two parties and do not necessarily need to be recorded b. a transaction is a record of exchange of value between two parties and ought to be recorded by the firm c. accounting records, comprising transaction records are never used by the firm O d. spreadsheets are often used to record transactions and can be achieved using the Delphi method Click Save and Submit to save and submit. Click Save All Answers to save all answers. rch HI