In analyzing a transaction, can a transaction only affect one side of the accounting equation? If so,

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In analyzing a transaction, can a transaction only affect one side of the accounting equation? If so, give an example.

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Question Posted: Sep 22, 2015 02:28 AM

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In analyzing a transaction, can a transaction only affect one side of the accounting equation? If so,

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Yes it is possible for a transaction to affect only one side of th...View the full answer

Cornerstones of Financial and Managerial Accounting

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