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3 years ago

10 points...........

Business

2 answers:

dedylja [7]3 years ago

7 0

Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the accounting equation:

Assets
=
Liabilities
+
Equity

Assets=Liabilities+Equity

With a double entry system, credits are offset by debits in a general ledger or T-account.

So debit is the answer

Vaselesa [24]3 years ago

5 0

A) Debit is correct

<h3>Explanation: </h3>

It is

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Answer:

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Answer:

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3 years ago

10 points...........​

10 points...........