ACCT.PRINCIPLES (LL)-PACKAGE
ACCT.PRINCIPLES (LL)-PACKAGE
14th Edition
ISBN: 9781119707103
Author: Weygandt
Publisher: WILEY
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Chapter 2, Problem 1DIE
To determine

Double entry book keeping: Double entry book keeping is a system of accounting which is based on the fact that in every transaction that takes place, at least two accounts shall be affected. One account shall be debited and one account shall be credited.

To identify: Balance sheet accounts that T shall maintain for his business and their nature of balance.

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