The statement " All business events have an immediate and quantifiable effect on the accounting equation" is False
This is further explained below.
Generally, The assertion that "any event that occurs in a firm has an instantaneous and quantitative influence on the accounting equation" is not true.
In conclusion, The practice of creating one's own livelihood or making money by manufacturing or purchasing and selling various goods is what we mean when we talk about business. Additionally, it refers to "any activity or business undertaken with the purpose of generating a profit."
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