Double-entry accounting requires that every business transaction impact at least two different accounts.

Name: Double-entry accounting requires that every business transaction impact at least two different accounts.
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Double-entry accounting is based on the principle that every transaction involves at least two accounts, with one account being debited and the other account being credited. This ensures that the accounting equation (assets = liabilities + equity) is always balanced.

Double-Entry Accounting Requires That Every Business Transaction Impact at Least