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    Financial Accounting Study Set 31
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    Exam 2: The Recording Process
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    For the Basic Accounting Equation to Stay in Balance, Each
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For the Basic Accounting Equation to Stay in Balance, Each

Question 85

Question 85

Multiple Choice

For the basic accounting equation to stay in balance, each transaction recorded must


A) affect two or less accounts.
B) affect two or more accounts.
C) always affect exactly two accounts.
D) affect the same number of asset and liability accounts.

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