Accountancy, asked by maryamnazirch2000, 5 hours ago

(1) What requirement is imposed
by the double entry system in the recording of any business
transaction?​

Answers

Answered by ls4769537
5

Answer:

The double-entry system of accounting or bookkeeping means that for every business transaction, amounts must be recorded in a minimum of two accounts. The double-entry system also requires that for all transactions, the amounts entered as debits must be equal to the amounts entered as credits.

Explanation:

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