An accounting transaction occurs events in a business cause changes in the business's economic resources or changes to the claims on those resources.

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This statement is true. Accounting transactions are the events or activities that result in changes to a company's financial statements, which include the balance sheet, income statement, and cash flow statement, among others. These events can include purchases, sales, investments, borrowings, and repayments, among other things. The changes resulting from these transactions can affect a company's assets, liabilities, equity, revenues, and expenses, among other things.

An Accounting Transaction Occurs Events in a Business Cause Changes