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Which of the following is false with regards to the double-entry system of recording transactions? Group of answer choices A)Each transaction affects at least one
Which of the following is false with regards to the double-entry system of recording transactions?
Group of answer choices
A)Each transaction affects at least one income statement account and at least one balance sheet account.
B)All of these are false.
C)Each transaction affects the balances of at least two different accounts.
D)None of these are false.
E)Each transaction is recorded with an equal dollar amount of debits and credits.
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