The idea that an increase or decrease on one side of the accounting equation must be offset exactly by an increase or decrease on the other side of the accounting equation is called

Question

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This concept is known as the double-entry accounting system, which means that every transaction has equal and opposite effects on at least two different accounts in the accounting system. As a result, the accounting equation (Assets = Liabilities + Equity) always remains in balance. The other options (A, B, C) are not related to this concept.

The Idea That an Increase or Decrease on One Side