Question

"Every transaction has debit and credit aspects. " Explain. ​

Answer 1

Answer:

Every business transaction is recorded as having a dual aspect. In other hand, every transaction affect at list two accounts. If one account is debited,any other must be created.May....

Answer 2

Answer:

your answer

Explanation:

Debit is the portion of transaction that accounts for the increase in assets and expenses, and the decrease in liabilities, equity and income. ... Hence, every transaction will have 'dual' effects (i.e. debit effects and credit effects).