FIN. ACCT.-TOOLS FOR BUS.DEC.MAKING-CODE
FIN. ACCT.-TOOLS FOR BUS.DEC.MAKING-CODE
9th Edition
ISBN: 9781119595724
Author: Kimmel
Publisher: WILEY C
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Chapter 3, Problem 2Q

Can a business enter into a transaction that affects only the left side of the basic accounting equation? If so, give an example.

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So, what exactly is the purpose of an accounting system?
Can every business transaction no matter how simple or complex be expressed in terms of its effect on the accounting equation?
Can you explain the basic accounting equation?

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FIN. ACCT.-TOOLS FOR BUS.DEC.MAKING-CODE

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