The double-entry system of accounting refers to the placement of a double line at the end of a column of ﬁgures.

Question

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The double-entry system of accounting refers to the recording of financial transactions in two accounts, with a debit entry in one account and a corresponding credit entry in another account. It is not related to the placement of double lines at the end of a column of figures.

The Double-Entry System of Accounting Refers to the Placement of a Double