Question: What is meant by the term double-entry procedure or duality? Does this double-entry accounting system make sense? Conceive other possible methods for recording changes in

What is meant by the term double-entry procedure or duality? Does this double-entry accounting system make sense? Conceive other possible methods for recording changes in accounts?

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The term doubleentry procedure or duality refers to the fundamental accounting concept that every financial transaction has two aspects or effects on a companys financial position In a doubleentry acc... View full answer

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