The Dual Effects Concept Implies That Every Transaction Has at Least

question 30

True/False

The dual effects concept implies that every transaction has at least two effects on the accounting equation.

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Definitions:

Violence

The use of physical force with the intent to harm, damage, or kill someone or something.

Self-Motive

The internal drive that propels individuals to pursue goals, make decisions, and engage in behaviors that fulfill their personal desires and needs.

Self-Enhancement

The psychological process by which individuals maintain or enhance their self-esteem and personal value.

Self-Verification

The desire and tendency of individuals to seek confirmation of their self-concept, whether positive or negative, from others.