The fact that each transaction has a dual effect on the accounting elements provides the basis for what is called a. single-entr

Question

3 years ago

6

y accounting. b. multiple-entry accounting. c. double-entry accounting. d. compound-entry accounting.

1 answer:

marusya05 [52] · Answer 1 · 2022-03-11T18:56:00+03:00

4 0

Answer:

C. Double-Entry Accounting

Explanation:

Double entry accounting states that every financial transaction has equal and opposite effects in at least two different accounts.