Multiple Choice
Double-entry bookkeeping is a system of accounting in which:
A) it is ideal for credits to be greater than debits.
B) it is ideal for debits to be greater than credits.
C) each transaction is recorded in the same account twice.
D) only foreign and domestic accounts are used.
E) the debit total must equal the credit total for the transactions as a whole.
Correct Answer:
Verified
Correct Answer:
Verified
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