Elance Exams Answers PDF file

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Which of the following is NOT a correct description of the 'Debit and Credit' concept in bookkeeping?

it is a classification and recording process that keeps the accounting equation in balance
'Debit' is always good for the business and 'Credit' is always bad for the business.
it is a method for classifying financial transactions
it is a method for recording the changing values in the financial accounts of a business caused by monetary transactions
it records the flow of economic resources from a source to a destination
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