Examlex
Each of the following is a characteristic of contact areas EXCEPT one.Which one is the EXCEPTION?
Double-Entry Accounting
An accounting method where every financial transaction is recorded in at least two accounts: one with a debit and one with a credit.
Dual Effect
The principle in accounting that every transaction has a double impact on the financial statements, typically affecting at least two accounts.
Transaction
An agreement or communication carried out between parties to buy, sell, or exchange goods, services, or financial assets.
Revenue
Income that a business receives from its normal business activities.
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