The double-entry accounting system records each transaction twice.
Correct Answer:
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Q53: A transaction that is recorded in the
Q54: Normal account balances are on the increase
Q55: The process of transferring data from the
Q56: Debits will increase unearned revenues and revenues.
Q57: The increase side of an account is
Q59: Liabilities are increased with debits and decreased
Q60: Journal entries include both debit and credit
Q61: Which of the following accounts is an
Q62: The totals at the bottom of the
Q63: Accounts
A) do not reflect money amounts
B) are
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