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  3. Study Set
    Financial Accounting
  4. Exam
    Exam 2: Analyzing and Recording Business Transactions
  5. Question
    The Total Amount of Debits Must Equal the Total Amount
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The Total Amount of Debits Must Equal the Total Amount

Question 54

Question 54

Multiple Choice

The total amount of debits must equal the total amount of credits. This is a rule of:


A) T-accounts.
B) the chart of accounts.
C) double-entry accounting.
D) normal balances.

Correct Answer:

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