Multiple Choice
Which of the following statements is not true?
A) The basic accounting equation must remain in balance.
B) At least two account balances will change as the result of each transaction.
C) When only one side of the equation is involved, there needs to be an increase and a decrease on that side of the equation.
D) Each transaction must have a either a single or dual effect on the accounting equation.
Correct Answer:
Verified
Correct Answer:
Verified
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