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Explain the concept of double - entry accounting and how it ensures the accuracy of financial records. Discuss the principles of debit and credit in
Explain the concept of doubleentry accounting and how it ensures the accuracy of financial records. Discuss the principles of debit and credit in accounting transactions and provide examples of how they are applied in recording business transactions. Additionally, describe the significance of the trial balance in the accounting process and how it helps in detecting errors before preparing financial statements.
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