What is the relationship between double-entry bookkeeping and the accounting equation? Select answer from the options below Double-entry bookkeeping increases the net profits of a company through use of the accounting equation. Double-entry bookkeeping minimizes the chances of financial fraud affecting the accounting equation. Double-entry bookkeeping reduces the possibility of accounting errors being made in the accounting equation. Double-entry bookkeeping lists the assets and liabilities a company holds, which are noted in the accounting equation.