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The following comments each relate to the recording of journal entries. Which statement is true?...

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Accounting

The following comments each relate to the recording of journal entries. Which statement is true? Question 1

Select one:

a. Journalization is the process of converting transactions and events into debit/credit format.

b. For any given journal entry, debits must exceed credits

c. The chart of accounts reveals the amount to debit and credit to the affected accounts

d. It is customary to record credits on the left and debits on the right

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