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  2. Topic
    Business
  3. Study Set
    Accounting Business Reporting
  4. Exam
    Exam 4: Business Transactions
  5. Question
    For the Accounting Equation to Balance Each Transaction Must
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For the Accounting Equation to Balance Each Transaction Must

Question 1

Question 1

Multiple Choice

For the accounting equation to balance each transaction must:


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

Correct Answer:

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