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Q: How is an auditor's examination affected when a client has engaged in significant related-party transaction?
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Can a business enter into a transaction in which only the left side of a basic accounting equation is affected?

yes ,business can enter into a transaction in which only the left side of the basic equation is affected


Can a business enter into a transaction in which only the left side of the basic accounting equation is affected?

yes ,business can enter into a transaction in which only the left side of the basic equation is affected


Which contains a complete record of all activity that affected the contents of a database during a certain period of time?

Transaction Log


What does it mean when an ATM reads transaction partial reversed?

This error code is generated when a cassette is emptied during a dispense operation and does a partial dispense. The cash dispenser will attempt to complete the transaction from other cassettes. If the requested amount cannot be dispensed, the customer will receive the cash that can be dispensed. The transaction will be completed with the customers' receipt indicating the amount of cash actually received. The cash dispenser will then attempt to complete a Reversal Transaction to notify the financial institution of the error. This error will not put the cash dispenser "Out of Service". The cash dispenser will only be placed "Out of Service" when all cassettes are empty. Remove and refill the affected cassette using normal replenishment procedures. This leads to Partial reversed transaction


Economic event that is not a business transaction?

There is a plethora of "economic events" that are not (necessarily) business transactions. A supervisor taking his/her employees to lunch on his own dime is not a business transaction, but it obviously affects (and is often affected by) the economy. If what you mean by this is to list economic events that are not recorded by the bookkeeping process, then the answer might be a little more specific. Hiring of employees is not recorded on the general ledger. Promoting or giving raises to those employees would not be recorded as such on most general ledgers (although the "salaries payable" column will obviously be affected by such an economic event).

Related questions

How many accounts are affected by a transaction?

2


Can a business enter into a transaction in which only the left side of a basic accounting equation is affected?

yes ,business can enter into a transaction in which only the left side of the basic equation is affected


Can a business enter into a transaction in which only the left side of the basic accounting equation is affected?

yes ,business can enter into a transaction in which only the left side of the basic equation is affected


Which type of examination is limited to an affected body area or organ system?

Problem Focused-a limited examination of the affected body are or organ system Expanded Problem Focused-a limited examination of the affected body area or organ system and other symptomatic or related organ systems Detailed-an extended examination of the affected body area(s) and other symptomatic or related organ system(s) Comprehensive-a general multi-system examination or complete examination of a single organ system


Does the person that cashed a returned the check get their credit affected?

Checking and sevings accounts have no effects on your credit. On both sides of the transaction


Which contains a complete record of all activity that affected the contents of a database during a certain period of time?

Transaction Log


Which contains complete record of all activity that affected the contents of a database during a certain period of time?

Transaction Log


You are affected when its a new moon is that significant?

It depends on what the effect is. We know you aren't a werewolf, because werewolves are only affected by FULL moons.


What are the 6 steps of business transaction analysis?

1. Identify the accounts affected 2. Classify accounts affected. 3. Determine the amount of increase of decrease for each account affected. 4. Which account is debited? For what amount? 5. Which account is credited? For what amount? 6. What is the complete entry in the T account form?


What were the significant of the Osman khan period?

It affected the people of england by taking away their rights


What are signs of a fracture?

Pain (and a sense of weakness in the affected area) is the most significant sign of fracture.


What are signs of fractures?

Pain (and a sense of weakness in the affected area) is the most significant sign of fracture.