The double-entry system is possible because all business transactions have two equal and opposite aspects.

Name: The double-entry system is possible because all business transactions have two equal and opposite aspects.
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Question

Quizplus · Accepted Answer

The double-entry system is based on the concept that every transaction has two sides: a debit and a credit, which are equal and opposite. This allows for accurate recording and balancing of financial transactions.

The Double-Entry System Is Possible Because All Business Transactions Have