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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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Dadayemi75

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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