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In double-entry accounting: a. for every entry on the balance sheet, a corresponding and equal entry must be made on the income statement. b. each
In double-entry accounting: a. for every entry on the balance sheet, a corresponding and equal entry must be made on the income statement. b. each entry on the chart of accounts must have a corroborating entry on the statement of cash flows. C. two sets of accounting books are maintained, one for external use and one accessible only to certain officers of the company. d. every business transaction affects two or more bookkeeping accounts
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