The basic accounting equation must always balance for each transaction.
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Q12: The current ratio is used to assess
Q13: If total assets increase,then either liabilities or
Q14: Assets are typically listed on the balance
Q15: Any item on a balance sheet labelled
Q16: All of a company's business activities have
Q18: A transaction can cause only one account
Q19: A chart of accounts is a list
Q20: Across all accounts,the total value of all
Q21: Posting journal entries involves copying the dollar
Q22: According to the cost principle,assets are valued
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