Double-entry accounting is used by private-sector firms,but not public-sector organizations.

Name: Double-entry accounting is used by private-sector firms,but not public-sector organizations.
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Quizplus · Accepted Answer

Double-entry accounting is used by both private-sector firms and public-sector organizations. It is a widely accepted accounting system that ensures accurate and complete financial records are kept by organizations to assist with decision-making, financial reporting, and accountability.

Double-Entry Accounting Is Used by Private-Sector Firms,but Not Public-Sector Organizations