Terry Rabas, a fellow student, contends that the double entry system means each transaction must be recorded

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

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Accounting Tools for Business Decision Making

ISBN: 978-1118128169

5th edition

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

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Question Posted: Apr 07, 2014 10:32 AM

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Terry Rabas, a fellow student, contends that the double entry system means each transaction must be recorded

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Terry is incorrect The doubleentry system merely records ...View the full answer

Accounting Tools for Business Decision Making

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