Multiple Choice
In recording an accounting transaction in a double-entry system
A) the number of debit accounts must equal the number of credit accounts.
B) there must always be entries made on both sides of the accounting equation.
C) the amount of the debits must equal the amount of the credits.
D) there must only be two accounts affected by any transaction.
Correct Answer:

Verified
Correct Answer:
Verified
Q179: On June 1 2016 Ben Casey buys
Q180: The ledger is merely a bookkeeping device
Q181: A two column list of all accounts
Q182: Which of the following is true?<br>A) Transaction
Q183: The usual sequence of steps in
Q185: Evidence that would not help with determining
Q186: The entire group of accounts and their
Q187: A debit is not the normal balance
Q188: Which of the following is the correct
Q189: Some of the following errors would cause