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Dual journal transactions are another form of communications. Dual entry explains how an asset was aquired, and the offset setting entry of how the asset
Dual journal transactions are another form of communications. Dual entry explains how an asset was aquired, and the offset setting entry of how the asset was financed. Example: Assets maybe purchased by cash and or credit (in the form of a loan).
That said, How might a transaction look if only cash was used to acquire an asset and would it still he a double entry? Why or why not?
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