Author Question: In the double-entry bookkeeping system, the two entries allow for balance in the accounting ... (Read 139 times)

Alainaaa8

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In the double-entry bookkeeping system, the two entries allow for balance in the accounting equation:
 A) Owner's Equity = Assets + Liabilities
  B) Liability = Assets + Owner's Equity
  C) Assets = Liabilities + Owner's Equity
  D) None of the above

Question 2

The total amount of cash and checks, including credit and debit card payments, should be manually recorded on a?
 A) cash control sheet
  B) debit sheet
  C) credit sheet
  D) none of the above



TINA

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Answer to Question 1

C

Answer to Question 2

A



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TINA

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