Question: 1. When each transactions debits equal credits, this is known as: a. Product based accounting. b. Vendors and payables. c. Customers and receivables. d. Double-entry

1. When each transaction’s debits equal credits, this is known as:

a. Product based accounting.

b. Vendors and payables.

c. Customers and receivables.

d. Double-entry accounting.

e. None of the above.

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