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?what is the double-entry system of accounting

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Crystal really liked her new job thus far. Her accounting manager wanted Krystal to run a monthly trial balance. With a click of a button, Krystal was done. Since the debit column equaled the credit column, Krystal knew her job was done. After all, that was the beauty of the double-entry system.

What is the double-entry system of accounting? Why is it so essential? Is Krystal correct to assume that her trial balance is correct? Why or why not?

Reference no: EM132432333

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