Double-entry bookkeeping can be defined as

A) a system of bookkeeping in which entries from separate businesses are compared for their veracity.
B) the replacement for the earlier single-entry bookkeeping method of the early medieval period.
C) a system of bookkeeping developed in late medieval Europe that involves keeping separate records or accounts for the resources and activities of a business, thereby permitting closer control of business operations.
D) a system of tracking all of the accounts of one entrepreneur or business.
E) a system of bookkeeping developed in early medieval Europe that involves keeping separate records or accounts for the resources and activities of a merchant, thereby permitting closer control of merchant operations.


C

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