__________Requires That Each Transaction Affect, and Be Recorded In, at Least

question 154

Short Answer

__________requires that each transaction affect, and be recorded in, at least two accounts. It also means that total amounts debited must equal total amounts credited for each transaction.

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Definitions:

Weigh Information

The process of evaluating and considering various pieces of data or facts before making a decision.

Aspire

To strongly desire to achieve something or reach a specific goal.

Promoted

Elevated to a higher position or rank, often with new responsibilities and benefits.