Answered

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Question 6: With double-entry bookkeeping, at least two accounts are impacted by every transaction.

A. True
B. False

Sagot :

GinnyAnswer

Final answer:

Double-entry bookkeeping involves impacting at least two accounts per transaction to ensure balance.


Explanation:

True. In double-entry bookkeeping, every transaction impacts at least two accounts. For example, if a company buys equipment for [tex]$5,000, it would debit the equipment account by $[/tex]5,000 and credit the cash account by $5,000 to maintain the balance.


Learn more about Double-entry bookkeeping here:

https://brainly.com/question/12128643


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