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In Which Type of Bookkeeping System Is Every Transaction Posted

question 50

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In which type of bookkeeping system is every transaction posted into two different records, once as a credit and one as a debit?

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Definitions:

Reactance Theory

A psychological theory suggesting that people have a negative reaction to restrictions on their personal freedoms, often resulting in a motivation to regain those freedoms.

Status Quo Bias

The preference to keep things the way they are rather than change.

Dispute

A disagreement, argument, or debate, often between people or groups with opposing viewpoints.

Participant

A person who takes part in something, such as an experiment or study.

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