The dual effects concept implies that every transaction has at least two effects on the accounting equation.

Name: The dual effects concept implies that every transaction has at least two effects on the accounting equation.
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Every transaction in accounting has at least two effects on the accounting equation - one effect on the left side (assets, expenses, or dividends) and one effect on the right side (liabilities, equity, or revenue). This is known as the dual effects concept or duality principle.

The Dual Effects Concept Implies That Every Transaction Has at Least