Every Transaction Affects Equal Numbers of Ledger Accounts and Is

question 140

True/False

Every transaction affects equal numbers of ledger accounts and is recorded by equal dollar amounts of debits and credits.

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Definitions:

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A socialist state on the Eurasian continent that existed from 1922 to 1991, officially known as the Union of Soviet Socialist Republics (USSR), comprising Russia and other republics.

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The highest federal court in the United States, with ultimate appellate jurisdiction over all federal and state court cases that involve a point of federal law.