Multiple Choice
When recording transactions in two or more accounts and the totals of the debits and credits are equal, it is called:
A) debiting.
B) crediting.
C) balancing.
D) double-entry bookkeeping.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q89: The financial statements contain debit and credit
Q90: The income statement is a financial statement.
Q91: A ledger:<br>A) includes all company accounts and
Q92: Three accounts are affected in every transaction.
Q93: Selected accounts from the ledger of Thomas
Q95: A compound entry is when more than
Q96: Which type of account would NOT be
Q97: What would be the effect on the
Q98: Withdrawals increase on the credit side of
Q99: For each of the following, identify in