The recording of transactions in the worksheet and ledger both revolve around the principle of duality and the accounting equation.

Question

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The principle of duality refers to the idea that every transaction has two sides - a debit and a credit. The accounting equation reflects this by stating that assets must always equal liabilities plus equity. Both the worksheet and ledger are used to record these debits and credits in a balanced way that maintains the equality of the accounting equation.

The Recording of Transactions in the Worksheet and Ledger Both