Question

a transaction means an activity that ______
○ changes the balance in the accounting equation
○ brings a new balance in the accounting equation
○ does not change the balance in the accounting equation
○ brings the balance to zero in the accounting equation

Explanation:

In accounting, a transaction is an economic event that affects the financial position of a business and changes the balance in the accounting equation (Assets = Liabilities + Equity). Each transaction has a dual - effect on the accounting equation, either increasing or decreasing the values on one or both sides of the equation.

Answer:

A. changes the balance in the accounting equation