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All of the following statements regarding the double - entry system are true except both sides of the accounting equation must be affected when recording
All of the following statements regarding the doubleentry system are true except
both sides of the accounting equation must be affected when recording a transaction using the doubleentry system. a twosided effect of each transaction is recorded in appropriate accounts when using the doubleentry system. when using the doubleentry system, the sum of all debits to the accounts must equal the sum of all credits. the doubleentry system provides a logical method for recording transactions.
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