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:

Serous Membrane

A thin membrane that covers internal body cavities and secretes a fluid that keeps the membrane moist; also known as serosa.

Lesser Omentum

The lesser omentum is a double layer of peritoneum extending from the liver to the lesser curvature of the stomach and the beginning of the duodenum.

Serous Membrane

A thin layer of tissue that covers internal body cavities and secretes a fluid that reduces friction between organs.

Disaccharidase

An enzyme that catalyzes the hydrolysis of disaccharides into simpler sugars, such as glucose, facilitating their absorption by the body.