Question

every transaction has two effect in account debit and credit true or false​

Answer 1

Answer:

Every transaction has two effect in account debit and credit.

True.

Explanation:

Accounting attempts to record both effects of a transaction or event on the entity's financial statements. Such information can only be gained from accounting records if both effects of a transaction are accounted for. Traditionally, the two effects of an accounting entry are known as Debit (Dr) and Credit (Cr).

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Answer 2

Answer:

yes it is true that every transaction has two effects in account debit and credit . The amount to be debited is to be equal to the amount of credit