What is called dual effect on accounting equation

Assignment Help Business Management
Reference no: EM133153487

Discussion

Each financial transaction in a business has what is called a "dual effect" on the accounting equation. Explain this term and give an example of a financial transaction and how it affects each account.

Reference no: EM133153487

Questions Cloud

Explain scientific reasoning behind hypothesis testing : Explain the general process of hypothesis testing. Explain the scientific reasoning behind hypothesis testing.
End of year transactions : How would the company be affected if the check is written and the invoice ends up being erroneous?
The face of production changed significantly : The face of production changed significantly in recent years. IT systems of conversion processes changed how businesses design their current business structure
Identify effects of transactions on accounting equation : Identify the types of accounts that comprise the accounting equation. Identify the effects of transactions on the accounting equation.
What is called dual effect on accounting equation : Each financial transaction in a business has what is called a "dual effect" on the accounting equation.
Report on alibaba versus amazon : Submit a report on Alibaba, Inc. versus Amazon, Inc. to choose the better for your stock investment using, Your investment model
What is financial statement analysis : Why is financial statement analysis an important area of study? What is learned from the process of financial statement analysis?
Securities exchange act : Generally, what requirements must be met before Superior can recover damages under Sec-tion 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5?
Executive agency or independent regulatory agency : Is the SEC an executive agency or an independent regulatory agency? Does it matter to the out-come of this dispute? Explain.

Reviews

Write a Review

Business Management Questions & Answers

  Competing sources of power and influence

What strategies that you, as a new CIO, will integrate for overcoming obstacles with competing sources of power and influence.

  Communicating new policy

Create a positive message using email for two different audiences and one negative message for a third audience regarding the same, sensitive topic.

  Discuss what is canadian culture communities

Discuss what is Canadian Culture Communities? This subject is Management Cross Cultural.

  Emotional intelligence is to being a successful manager

Do you believe emotional intelligence has become a more important, or a less important managerial skill/ability in the last few decades?

  Several different outer coverings and colors

Specialty Luggage Manufacturing produces several different styles of soft and hard-sided luggage, briefcases, hanging bags, and purses.

  Dealership in a medium-sized metropolitan area

Assume an individual is considering opening a new car dealership in a medium-sized metropolitan area (population = 200,000).

  Global knowledge sharing and learning processes

Culture profiles are shown as beneficial tools to improve cultural awareness in global knowledge sharing and learning processes.

  Legislation for breach of contract or negligence

What penalties may be applied under legislation for breach of contract or negligence?

  Discuss the concept of guaranteed minimum income

Also, check out "The Inevitable" by Kevin Kelly if you would like to read more about the subject matter (it's on Amazon like everything else on the planet)

  Expanding global trade and conflicting worldviews

When you have completed your exam and reviewed your answers, click Submit Exam. Answers will not be recorded until you hit Submit Exam.

  Why do some supervisors resist delegation

Why do some supervisors resist delegation? Why do some employees resist delegation?

  Do olap systems have concurrent processing

Do OLAP systems have concurrent processing? How is it different from OLTP systems? How is it the same as OLTP systems?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd