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  3. Study Set
    Core Concepts of Accounting
  4. Exam
    Exam 3: The Mechanics of Double-Entry Bookkeeping
  5. Question
    The Key Premise Underlying Double-Entry Bookkeeping Is That Financial Transactions
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The Key Premise Underlying Double-Entry Bookkeeping Is That Financial Transactions

Question 21

Question 21

True/False

The key premise underlying double-entry bookkeeping is that financial transactions must be recorded as if they have opposite and equal effects.

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