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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