Any event that affects the financial position of an organization and requires recording is called:
A) an account
B) a posting
C) a transaction
D) an accounting change

Name: Any event that affects the financial position of an organization and requires recording is called: A) an account B) a posting C) a transaction D) an accounting change
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Question

Quizplus · Accepted Answer

A transaction is any event that affects the financial position of an organization and requires recording in the accounting records.

Any Event That Affects the Financial Position of an Organization