Question: What is the important difference between an internal transaction and an external transaction from an accounting standpoint? An internal transaction involves liabilities, while an externown

What is the important
difference between an
internal transaction and an
external transaction from an
accounting standpoint?
An internal transaction
involves liabilities, while an
externown transaction
involves assets.
An external transaction
is not recorded, while an
internal transaction is
recorded.
An internal transaction
involves assets, while an
external transaction
involves liabilities.
An internal transaction
is not recorded, while an
external transaction is
recorded.
What is the important difference between an internal transaction and an

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