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Sophisticated forms of double-entry accounting were the foundation of the first Industrial Revolution. Do you agree? Why? In what way did double-entry accounting provide the

"Sophisticated forms of double-entry accounting were the foundation of the first Industrial Revolution". Do you agree? Why? In what way did double-entry accounting provide the tools needed for the Industrial Revolution to occur?

If you do not agree, discuss how the Industrial Revolution could have occurred without the record keeping provided by accounting.

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