Every item of Trial Balance has only one effect.

Monjur Alahi

State True or False with reason:

Every item of Trial Balance has only one effect.


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Salim Ahmed Kawsar

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This statement is True.

Every transaction is recorded through journal or subsidiary books with the principle of the double-entry book-keeping system. Journal and subsidiary books are posted to the ledger account and trial balance is prepared from the balances of the ledger so there are already two effects passed. So every item of Trial Balance has only one effect.

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