In my accounting class we are being asked to post responses to what others post. I need some help responding to this post. I MUST have a source to reference in my answer. Any help you can give me would be greatly appreciated.

A financial transaction is an agreement that occurs between a buyer and a seller when payment and a service or product is exchanged. The dual effect, also known as double accounting, is similar to a concept in physics where for every action, there is an equal and opposite reaction (Advani, 2018). In relation to the accounting equation for example, when an asset is increased, there must be an equivalent transaction; decrease in another asset, increase in a liability, or increase in equity (Kimmel & Weygrandt, 2017). If a car is purchase and a person pays cash, they experience a decrease in cash; on the other hand, the person gains an asset in owning a vehicle. Similarly, the company that sold the car is decreasing inventory by selling a car but will come across an increase in revenue.

Please remember that I MUST have a source to reference! Thank you so much!