Final answer:
All transactions must be recorded to ensure transparency and completeness of financial records, regardless of their effect on the accounting equation.
Step-by-step explanation:
The question whether it is still necessary to record a transaction if it has no net effect on the accounting equation pertains to accounting principles. The correct answer is c) Yes, to maintain transparency and completeness in financial records. Even if a transaction does not alter the balance of the assets, liabilities, and equity in the accounting equation, it should be recorded. This practice ensures that all financial transactions are accounted for, providing a clear and accurate reflection of the business's financial activities. Recording every transaction is crucial for maintaining comprehensive financial records, which is vital for internal decision-making, accurate tax reporting, and providing information to external stakeholders like investors, creditors, and regulatory bodies.