Steve Rondelli, a fellow student, contends that the double-entry system means each transaction must be recorded twice.

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Steve Rondelli, a fellow student, contends that the double-entry system means each transaction must be recorded twice. Is Steve correct? Explain.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-0470239803

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Apr 21, 2012 01:40 AM

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Steve Rondelli, a fellow student, contends that the double-entry system means each transaction must be recorded twice.

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Steve is incorrect The doubleentry system merely rec...View the full answer

Financial Accounting Tools for Business Decision Making

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