Double-entry accounting requires that every business transaction impacts at least two different accounts.

Name: Double-entry accounting requires that every business transaction impacts at least two different accounts.
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Double-entry accounting is based on the principle that every business transaction affects at least two different accounts - one account is debited and another account is credited. This ensures that the accounting equation (assets = liabilities + owner's equity) is always in balance.

Double-Entry Accounting Requires That Every Business Transaction Impacts at Least