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Question Practice

Which of the following describes the dual effect of accounting?

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MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Recording of Transactions - I
Question Bank

Which of the following describ...

Single Answer MCQ
Q-00053934

Which of the following describes the dual effect of accounting?

1

Every transaction affects only one account

2

Every transaction affects either the debit or credit side

3

Every transaction affects two or more accounts

4

Only cash transactions are affected

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