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15 October, 02:18

Accounting rules and regulations provide an exact answer to every accounting question, leaving no opportunity for negotiation, compromise, or interpretation in the preparation and presentation of financial statements.

True/False

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  1. 15 October, 03:20
    0
    Answer:True

    Explanation:

    Because in any accounting rules, debit the receiver, credit the giver.

    Debit what comes in, credit what goes out.

    Debit all expenses and losses, credit all incomes and gains.
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