there is a simultaneous debit and credit with every what? market interest rate transaction

there is a simultaneous debit and credit with every what? market interest rate transaction

there is a simultaneous debit and credit with every what? market interest rate transaction

Answer

Brief Explanations:

In accounting, the double - entry system is used. Every transaction has two aspects - a debit and a credit. For example, when a company buys inventory for cash, inventory (an asset, debited as it increases) and cash (an asset, credited as it decreases) are affected. A market is a place or mechanism for exchange, and an interest rate is the cost of borrowing or return on lending. They do not inherently have simultaneous debit and credit in the accounting sense.

Answer:

transaction