Double entry accounting requires that : (i) All transactions that create debits to asset accounts must create credits to liability or capital accounts, (ii) A transaction that requires a debit to a liability account require a credit to an asset account, (iii) Every transaction must be recorded with equal debits equal total credits.

Double entry accounting requires that : (i) All transactions that crea

1.	Double entry accounting requires that : (i) All transactions that create debits to asset accounts must create credits to liability or capital accounts, (ii) A transaction that requires a debit to a liability account require a credit to an asset account, (iii) Every transaction must be recorded with equal debits equal total credits.
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