Accountancy, asked by anchal7838435583, 2 months ago

some transactions may affect only one account. it's true or false​

Answers

Answered by sanjayseth0011
1

Explanation:

There can be no transactions in a business that affect only one account or have only one aspect because the double-entry system of accounting is followed while recording the transactions in the books of accounts.

Answered by Anonymous
1

Explanation:

There can be no transactions in a business that affect only one account or have only one aspect because the double-entry system of accounting is followed while recording the transactions in the books of accounts. For example, if furniture is purchased for cash, the transaction will affect two accounts.

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