Which of the following statements correctly describes the dual aspect convention of accounting?a A change...
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Accounting
Which of the following statements correctly describes the dual aspect convention of accounting?a A change in the value of assets leads to an equal change in the value of liabilities plus capitalb. If a transaction requires two debit entries, two credit entries must also be madec. Transactions are recorded in both a book of prime entry and the general ledgerd. Only two ledger accounts will be needed to record any transaction
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