What statement is accurate regarding double-entry bookkeeping? Multiple Choice Double-entry bookkeeping requires a second person to double-check

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What statement is accurate regarding double-entry bookkeeping? Multiple Choice

Double-entry bookkeeping requires a second person to double-check the bookkeeper's numbers.

Tax accountants must use double-entry bookkeeping when preparing tax returns.

With double-entry bookkeeping, if the transaction amounts are not equal, the bookkeeper knows there is a mistake.

When using double-entry bookkeeping, it is not necessary to prepare a trial balance

Related Book For answer-question

Auditing a business risk appraoch

ISBN: 978-0324375589

6th Edition

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

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Posted Date: Feb 14, 2024 03:26 AM

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What statement is accurate regarding double-entry bookkeeping? Multiple Choice Double-entry bookkeeping requires a second person to double-check

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Auditing a business risk appraoch

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