halleydoll02
halleydoll02 halleydoll02
  • 04-02-2020
  • Business
contestada

10 points...........​

10 points class=

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rickyperez415
rickyperez415 rickyperez415
  • 04-02-2020

Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the accounting equation:

Assets
=
Liabilities
+
Equity

​
Assets=Liabilities+Equity
​


With a double entry system, credits are offset by debits in a general ledger or T-account.

So debit is the answer
Answer Link
arojik
arojik arojik
  • 16-04-2020

A) Debit is correct

Explanation:

It is

Answer Link

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