An accounting transaction may impact only one financial statement or multiple statements. The statement is True.
The financial statement of a company helps investors to know the financial position and evaluate the profitability by analyzing the profit and performance of the organization in the market.
An accounting transaction may impact only one financial statement or multiple statements through retained earnings and the balance sheet of the company which reflects multiple statements.
Therefore, the statement is True.
Learn more about the financial statements, here:
https://brainly.com/question/14951563?
#SPJ4
