Because of the dual effect of transactions, every transaction will change both sides of the accounting equation.

Name: Because of the dual effect of transactions, every transaction will change both sides of the accounting equation.
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Quizplus · Accepted Answer

every transaction will require at least two changes, but these may be to the same side of the accounting equation, e.g. prepaying insurance will decrease one asset, cash, but increase another asset, prepaid insurance

Because of the Dual Effect of Transactions, Every Transaction Will