Which of the following statements are true about the accounting transactions? Select all that apply

		Transactions occur when a source document (e.g., a billing) arrives, a time-based obligation (e.g., payroll payment deadline) occurs, or when closing accounts to prepare financial reports.
		A transaction will always debit one account and credit another account.
		When journalizing a transaction, the following equation must be maintained: Assets + Net Worth = Revenues + Liabilities + Expenses.
		None of the above.