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EMSKE Phytochem's avatar

>at least two t-accounts

at least two, each with both a left and right side? Why two or more T-accounts instead of just one canonical one?

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Akash Kundu's avatar

The basis of double-entry bookkeeping is that every accounting entry has an opposite corresponding entry in a different account. In the context of t-accounts, this means that to record a transaction; you'll need to write down both sides of in at least two t-accounts.

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