What is double-entry accounting? An accounting system that disregards the accounting equation, A=L+E An accounting system in which errors never occur An accounting system that records the effects of transactions and other events in at least two accounts with equal debits and credits An accounting system in which each transaction affects and is recorded in two or more accounts with unequal debits and equal credits An accounting system in which the sum of the debit account balances never equals the sum of the credit account balances Question 10 (1 point) Internal control procedures: Eliminate the risk of loss. Include policies and procedures to safeguard assets. Both eliminate the risk of loss and include policies and procedures to safeguard assets. Prevent unavoidable losses. All of the above