Question: 6. A business activity that does not involve an exchange of economic consideration between two parties and therefore does not affect the accounting equation is

 6. A business activity that does not involve an exchange of

economic consideration between two parties and therefore does not affect the accounting

6. A business activity that does not involve an exchange of economic consideration between two parties and therefore does not affect the accounting equation is called a(n): A) Withdrawal. B) Account receivable. C) Business transaction. D) Business event. E) Owner's equity transaction

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!