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Why is a double entry accounting system so called?
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Why is a double entry accounting system so called?
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Aug 7, 2018
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Why is a double entry accounting system so called?
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Nikita Kazantsev
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based on the fact that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the equation Assets = Liabilities + Equity, in which each entry is recorded to maintain the relationship.
Oleksandr H
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Aug 12, 2018
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