Double - Recording done by debiting at least one account...

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Double-entry system Each transaction must affect two or more accounts to keep the basic accounting equation in balance.
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Unformatted text preview: Recording done by debiting at least one account and crediting another. DEBITS must equal CREDITS ....
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This note was uploaded on 01/04/2012 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.

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