For the basic accounting equation to stay in balance, each transaction recorded must 1) affect two or
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Question:
For the basic accounting equation to stay in balance, each transaction recorded must
1) affect two or more accounts.
2) affect two or less accounts.
3) always affect exactly two accounts.
4) affect the same number of asset and liability accounts.
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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