queenb6
queenb6
02-02-2017
Business
contestada
why is a double entry accounting system so called?
Respuesta :
Аноним
Аноним
02-02-2017
based on the fact that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the equation Assets = Liabilities + Equity, in which each entry is recorded to maintain the relationship.
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