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In Recording an Accounting Transaction in a Double-Entry System

Question 184

Multiple Choice

In recording an accounting transaction in a double-entry system


A) the number of debit accounts must equal the number of credit accounts.
B) there must always be entries made on both sides of the accounting equation.
C) the amount of the debits must equal the amount of the credits.
D) there must only be two accounts affected by any transaction.

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