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Database technology may eliminate the need for double-entry

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Database technology may eliminate the need for double-entry accounting. This creates three possibilities: 1) the double-entry model will be abandoned 2) the double-entry model will not be used directly, but an external-level schema based on the double-entry model will be defined for accountants' use or 3) the double-entry model will be retained in database system. Which alternative do you think is most likely to occur? Why?

Reference no: EM13601572

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