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We know that the double-entry system of accounting means that every transaction has at least two effects on the accounting equation. Can you give one
We know that the double-entry system of accounting means that every transaction has at least two effects on the accounting equation. Can you give one example of each of the transactions that are mentioned below?
-(1) One asset goes up and another asset goes down.
-(2) An asset and a liability both go up.
-(3) One liability goes up and another liability goes down.
-(4) An asset goes up and the equity goes up to.
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