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What is meant by the double entry system of accounting

Assignment Help Accounting Basics
Reference no: EM132824564

Problem (a) What is the Accounting Equation?

Problem (b) What is meant by the "Double Entry" system of Accounting? What are its main advantages?

Problem (c) In Australia the AASB from time to time issues Accounting Standards.

(i) What are these Accounting Standards?

(ii) What is their purpose?

Reference no: EM132824564

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