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Which of these is true about the transactions and accounting equation? A.The accounting equation states that a companys assets must always equal the sum of
Which of these is true about the transactions and accounting equation?
A.The accounting equation states that a companys assets must always equal the sum of its liabilities and equity.
B.The Accounting equation is affected by cash and non-cash transactions.
C.The results of accounting transactions are limited to changes to two asset accounts, assets and a liability account, or an asset and an equity account.
D.Every transaction affects only two accounts.
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