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The duality of effect can be described as follows A. When a transaction is recorded in the accounting system at least two effects on the

The duality of effect can be described as follows A. When a transaction is recorded in the accounting system at least two effects on the basic accounting equation will result B. When an exchange takes place between two parties, both parties must record the transaction C. When a transaction is recorded both the balance sheet and the income statement must be impacted D. When a transaction is recorded, one account will always increase and on account will always decrease

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