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    sabri2818's Avatar
    sabri2818 Posts: 1, Reputation: 1
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    #1

    Jul 2, 2012, 11:06 AM
    Theoretical question
    Can a business enter into a transaction that effects only left or right side
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jul 2, 2012, 03:29 PM
    Quote Originally Posted by sabri2818 View Post
    can a business enter into a transaction that effects only left or right side
    You can do anything you want if you want to have an unbalanced set of books but you will never know if they balance. Long ago some wise men worked out the best way to keep a set of books Accounting is the second oldest profession and its wisdom is timeless
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