queenb6 queenb6
  • 02-02-2017
  • Business
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why is a double entry accounting system so called?

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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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