A student of basic accounting made the following statement: For each account debited, there must be

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A student of basic accounting made the following statement: “ For each account debited, there must be another account credited for the same amount.” Do you agree? Why or why not?

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Introduction to Governmental and Not for Profit Accounting

ISBN: 978-0132776011

7th edition

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

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Question Posted: Dec 30, 2014 04:58 AM

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A student of basic accounting made the following statement: For each account debited, there must be

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This statement is not correct The correct statement is that for ea...View the full answer

Introduction to Governmental and Not for Profit Accounting

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