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Double-Entry Bookkeeping Is a System of Recording and Classifying Business

Question 55

Multiple Choice

Double-entry bookkeeping is a system of recording and classifying business transactions


A) in separate accounts in order to maintain the accounting equation.
B) by the amount of the transaction.
C) in all accounts including those that do not maintain the accounting equation.
D) in general ledgers.
E) in the same account.

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