Heath Precourt, a fellow student, contends that the double-entry system means each transaction must be recorded twice.

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Heath Precourt, a fellow student, contends that the double-entry system means each transaction must be recorded twice. Is Heath correct? Explain.

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Jan 30, 2014 12:56 AM

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Heath Precourt, a fellow student, contends that the double-entry system means each transaction must be recorded twice.

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Heath is incorrect The doubleentry system merely records ...View the full answer

Accounting Principles

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