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    Financial Accounting
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    Exam 2: The Basics of Record Keeping and Financial Statement Preparation: Balance Sheet
  5. Question
    The Balance Sheet Equation Maintains Equality by Reporting the Financial
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The Balance Sheet Equation Maintains Equality by Reporting the Financial

Question 79

Question 79

True/False

The balance sheet equation maintains equality by reporting the financial statement effects of each event and transaction in a dual manner, or what are termed the dual effects of transactions.

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