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

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

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Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Sep 21, 2011 02:04 PM

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

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

Financial Accounting Tools for business decision making

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