Question

in double entry system of book keeping every business transaction affects​

Answer 1

Explanation:

The double-entry system of bookkeeping refers to a type of accounting where for every business transaction, amounts must be recorded in a minimum of two accounts.

Considering an example, when a company borrows $10,000 from a bank, the transaction will affect the company's Cash account and the company's Notes Payable account. When the company repays the bank loan, the Cash account and the Notes Payable account are also involved