Respond to the following in a minimum of 175 words:Newton’s Third Law, as applied in science, states...

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Respond to the following in a minimum of 175 words:

Newton’s Third Law, as applied in science, states that for every action there is an equal and opposite reaction. How is this logic applied in recording transactions using t-accounts? Give an example of a transaction that supports your assumption.

Shakeel · Accepted Answer

As per the Newton’s third law, every action has equal and opposite reaction. This same logic is also applied in recording the transaction or writing the journal entry. For every transaction, always two different accounts are opened. One account is debited and the other account is credit by the same amount. For example, company purchases furniture worth $5,

Respond to the following in a minimum of 175 words: Newton’s Third Law, as applied in science, states that for every action there is an equal and opposite reaction. How is this logic applied in...

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