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Which of the following is false? a. The double-entry accounting system means the dual effect that each transaction has on the accounting equation b. The

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Which of the following is false? a. The double-entry accounting system means the dual effect that each transaction has on the accounting equation b. The general journal chronologically lists transactions and other events, c. The purpose of the closing process is to reduce the permanent accounts to zero balances. d. The purpose of adjusting entries is to record the effect of internal events and implement the accrual model at the end of the period

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