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Fynjy0 [20]
3 years ago
6

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

y accounting. b. multiple-entry accounting. c. double-entry accounting. d. compound-entry accounting.
Chemistry
1 answer:
marusya05 [52]3 years ago
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.

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