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Which of the Following Is a Criticism of the Double-Entry

Question 7

Multiple Choice

Which of the following is a criticism of the double-entry financial accounting system?


A) It has a general inability to take the social and environmental consequences of a reporting entity's existence into account.
B) It uses a system of debts and credits to account for increases and decreases, instead of positive and negative numbers.
C) Its initial development in a generally unregulated environment has resulted in a lack of uniformity and comparability.
D) All of the given options are correct.

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