Answered

Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Our platform connects you with professionals ready to provide precise answers to all your questions in various areas of expertise. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

An event that has a dual effect on the accounting equation is referred to as a(n)_______
a. direct effect.
b. transaction.
c. investment.
d. indirect effect.

Sagot :

gauravsingh23VT

An event that has a dual effect on the accounting equation is referred to as a transaction. Hence, option B is correct.

What is dual effect on the accounting?

According to the dual aspect notion, every business transaction has a dual or a two-way impact. This implies that a specific business transaction involves a minimum of two accounts when it is documented in the books of accounts.

This principle is the foundation of the double entry system of accounting. The dual effect principle is the underlying or fundamental accounting idea.

Thus, option B is correct.

For more details about dual effect on the accounting, click here:

https://brainly.com/question/28435649

#SPJ4

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.