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The double entry principle refers to the fact that:

a.    Financial statements should be as simple as possible, but items which are important to the reader of the statements should be highlighted and
disclosed separately

b.    Every financial transaction has a double sided effect

c.    The income must be matched with the expenses that were incurred in generating that income

d.    None of the above
in Accounting by Diamond (40,216 points)
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b.    Every financial transaction has a double sided effect
by Diamond (40,216 points)

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