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    Fundamental Accounting Principles Study Set 2
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    Exam 1: Accounting in Business
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    An Exchange Between Two Parties of Economic Consideration Such as Goods,services,money,or
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An Exchange Between Two Parties of Economic Consideration Such as Goods,services,money,or

Question 191

Question 191

Multiple Choice

An exchange between two parties of economic consideration such as goods,services,money,or rights to collect money is called:


A) The accounting equation.
B) Bookkeeping.
C) A business transaction.
D) An audit.
E) A gift.

Correct Answer:

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