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Which of the following statements best explains the growing tension between the aristocracy and the middle class?
Double-Entry Bookkeeping System
A financial recording system where each transaction is recorded in two different accounts as opposite entries, one as a debit and the other as a credit, to keep the balance of the accounting equation intact.
Single-Entry System
An accounting method where each financial transaction is recorded with a single entry to the accounting records, typically suited for small, simple businesses.
Accounting Records
Documentation of financial transactions and the financial status of a business, serving as a foundation for accounting.
Automatic Update
A feature in software that enables the automatic download and installation of new updates without manual intervention.
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