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1. Double-entry accounting is an accounting system: a. That records each transaction twice. b. That records the effects of transactions and other eve with equal

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1. Double-entry accounting is an accounting system: a. That records each transaction twice. b. That records the effects of transactions and other eve with equal debits and credits. c. In which each transaction effects and is recorded in t could include two debits and not credits. d. That may only be used if T-accounts are used. e. In which each transaction affects and is recorded in could include two credits and not debits

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