If Sam paid an electricity bill for the garage he is working from, the effect on the
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If Sam paid an electricity bill for the garage he is working from, the effect on the business will be:
* areduction in the bank account
* an expense of the business will have been paid.
The double-entry system is the recording of the two entries for each and every transaction.
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Accounting A Smart Approach
ISBN: 9780199674916
2nd Edition
Authors: Mary Carey, Jane Towers-Clark, Cathy Knowles
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