Most financial accounting is based on the _____ method of bookkeeping.
A) single-entry
B) double-entry
C) debt balance
D) credit balance

Name: Most financial accounting is based on the _____ method of bookkeeping. A) single-entry B) double-entry C) debt balance D) credit balance
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Question

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Most financial accounting is based on the double-entry method of bookkeeping, which requires every transaction to be recorded in at least two accounts, ensuring the accounting equation remains balanced.

Most Financial Accounting Is Based on the _____ Method of Bookkeeping