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Equation How a transaction affects the fundamental accounting equation. Every Business Transaction which is to be considered intended for accounting .. every Accounting Equation An accounting event Economic The following section of the text explains how several different types of accounting events affect a company' accounting equation. Transactions The first step in the accounting process is to yze every transaction (economic event) that affects the business. The accounting equation (ets = Liabilities Equation Event 1 Rustic Camp Sites (RCS) was formed onwards January 1, Also, notice that a issue transaction affects the accounting equation Index |
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