Analyze business transactions using the accounting equation.

Q: What is Accounting Information System?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Justify accounting's usage in tracking and monitoring economic events that impact business…

A: The answer for theory question on accounting's usage in tracking and monitoring economic events that…

Q: Define strategy in accounting?

A: Strategic management accounting refers to the managing and analyzing finances of company which help…

Q: How do a company's operations and lines of business affect the architecture of its accounting…

A: SOLUTION  AN ACCOUNTING INFORMATION SYSTEM IS A SYSTEM OF COLLECTING , STORING AND PROCESSING…

Q: What is the impact data analytics has on accounting information systems?

A: Data analytics involves the process of examining data sets to draw conclusions about the information…

Q: hat is the

A: The most used software for accounting varies depending on the specific needs and preferences of…

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is