MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Meaning of Trial Balance

Do you think ...

Question

Do you think that a transaction can break the accounting equation?

Open in App

Solution

No. A transaction can change the accounting equation but cannot break it.

Suggest Corrections

thumbs-up

2

Similar questions

Q. concept states that every transaction impacts two accounts that accounting equation always holds true.

Under which of the following accounting principles, every transaction impacts two accounts that accounting equation holds true always.

Q. Glass breaks easily when it is dropped. Do you think a mud flower pot, a glass spoon, a wooden table, a plastic cup, books or your plastic water bottle can break easily? Circle the things that can.

Do you think that a surplus in capital account BoP reflects the prosperity of the nation?

You can have any number of transactions in a savings account.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Trial Balance

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Meaning of Trial Balance

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon