the term with the definition. Duality Of Effects Journal Entry An amount that is posted on the left side of a T-account or ledger B. Assets are initially recorded at the amount paid to acquire them. C. The mechanism used to record each transaction in the General Posting Journal. Debit D. A summary of account names and numbers E. The concept that any transaction must have at least two effects Chart Of Accounts on the accounting equation F. When journal entries are recorded in the appropriate T-account. G. An amount that is posted on the right side of a T- account. T-Account A detailed listing of debits and credits for a specific account within the General Ledger. Credit Solution Duality of effects The concept that any transaction must have atleast two effects on the accounting equation Journal entry The mechanism used to record each transaction in the General Journal Posting When journal entries are recorded in the appropriate T-account Debit An amount that is posted on the left side of a T-account or ledger Chart of accounts A summary of account names and numbers T-account A detailed listing of debits and credits for a sepcific account within the genral ledger Credit An amount that is posted on the right side of a T- account.