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11 December, 02:23

What are the two fundamental equality requirements of the double-entry accounting system?

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  1. 11 December, 06:01
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    Debits must = Credits, so if some one bought a $20 sofa, the credit would be the asses, more specifically the cash account because it goes down by $20 and the debit would also be the assets but the furniture, becasue it goes up by $20, 20=20 so debit=credit
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