2 QuizSavedA double-entry accounting system is an accounting system:15Multiple ChoicekippedThat records each transaction twice.That records the effects of transactions and other events in at least two accounts with equal debits and creditsIn which each transaction affects and is recorded in two or more accounts but that could include two debits and no creditsThat may only be used if T-accounts are used.That insures that errors never occur

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Asked Sep 10, 2019
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A double-entry accounting system is an accounting system:
15
Multiple Choice
kipped
That records each transaction twice.
That records the effects of transactions and other events in at least two accounts with equal debits and credits
In which each transaction affects and is recorded in two or more accounts but that could include two debits and no credits
That may only be used if T-accounts are used.
That insures that errors never occur
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2 Quiz Saved A double-entry accounting system is an accounting system: 15 Multiple Choice kipped That records each transaction twice. That records the effects of transactions and other events in at least two accounts with equal debits and credits In which each transaction affects and is recorded in two or more accounts but that could include two debits and no credits That may only be used if T-accounts are used. That insures that errors never occur

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Double-entry accounting system:

Double entry accounting system refers to the double effect of each financial transactions that occurs. One is debit effect and other is credit effect. In e...

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