Question: Generally Internal transactions do not affect the basic accounting equation because they are economic events that occur entirely within one company. True False accounting principles

Generally Internal transactions do not affect the basic accounting equation because they are economic events that occur entirely within one company. True False accounting principles are: a. principles that have been proven correct by academic researchers. b. income tax regulations of the Internal Revenue Service. c. theories that are based on physical laws of the universe. d. guidelines that indicate how to report economic events

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