Statements regarding the double-entry system


Question: Which of the following statements regarding the double-entry system is accurate? Multiple Choice It dictates that two debits must be entered when a transaction is recorded. It dictates that at least one debit and one credit must be entered when a transaction is recorded. It dictates that two credits must be entered when a transaction is recorded. It dictates that exactly one debit and one credit must be entered when a transaction is recorded.

 

 

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Accounting Basics: Statements regarding the double-entry system
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