Business
fx011004
2015-11-10 03:03:12
What are the two fundamental equality requirements of the double-entry accounting system?
ANSWERS
Stephanie11
2015-11-10 08:41:38

Debits must = Credits, so if some one bought a $20 sofa, the credit would be the asses, more specifically the cash account because it goes down by $20 and the debit would also be the assets but the furniture, becasue it goes up by $20, 20=20 so debit=credit

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