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Which of the following is not true with a double-entry accounting system?

a.The sum of all debits is always equal to the sum of all credits in each journal entry.
b.Each business transaction will have two debits.
c.Every transaction affects at least two accounts.
d.The accounting equation remains in balance.

User Tom Shaw
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1 Answer

7 votes

Answer:

B. Each business transaction will have two debits.

User Snigdha
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