The system of accounting where each transaction affects two or more accounts... The system of accounting where each transaction affects two or more accounts and the sum of the debit entries equals the sum of the credit entries is called: O a. debit and credit accounting. Ob two-entry accounting. O c. single transaction accounting. d. double-entry accounting Clear my choice A statement of financial position would normally balance at: A statement of financial position would normally balance at: O a. the bank balance. O b. total liabilities and total equity. Oc. total assets and total equity. O d. net assets and total equity. Clear my choice How many of the following are differences between management and financial ... How many of the following are differences between management and financial accounting? External verification of reports Frequency of reports The content and format of reports The users of reports a. One O b. Two O c. Four O d. Three Clear my choice