Requirement a. What are the accounting requirements for a correct sales​ cutoff?     A. A shipment should be recorded as a sale when the risks of ownership transfer to the buyer and collectability is reasonably assured.   B. A shipment should be recorded as a sale when the merchandise is shipped.   C. A shipment should be recorded as a sale when the payment for the merchandise has beeb received by the seller.   D. A shipment should be recorded as

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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