A double-entry accounting system is an accounting system:
A. In which each transaction affects and is recorded in two or more accounts but that could include two debits and no credits.
B. That allows total credits to be greater than total debits.
C. That allows total debits to be greater than total credits.
D. That records the effect of each transaction in at least two accounts with equal debits and credits.
E. That records each transaction twice.
Answer: D
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a. True b. False
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Indicate whether the statement is true or false
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