For each transaction, double-entry accounting requires which of the following: (a) Debits to asset accounts must create

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For each transaction, double-entry accounting requires which of the following:

(a) Debits to asset accounts must create credits to liability or equity accounts,

(b) a debit to a liability account must create a credit to an asset account, or

(c) total debits must equal total credits.

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College Accounting Ch 1-14

ISBN: 9781260904314

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

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