When using double entry accounting, what is the minimum number of accounts that will be affected when
Question:
When using double entry accounting, what is the minimum number of accounts that will be affected when a restaurant sells a food item to a customer?
a. 2
b. 4
c. 3
d. 1
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Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
Question Posted:
Related Video
A brief biography of Luca Pacioli, the inventor of double entry accounting, is shown in this video. He worked in Venice, Milan, and many other European towns before succeeding as a mathematical genius.
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