True/False
Every accounting transaction involves an increase in at least one account and a decrease in at least one other account.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q67: If the credit amount of an entry
Q68: Assets, shareholders' equity, and expenses are all
Q69: The right side of a T-account is
Q70: Making a cash payment to settle a
Q71: Posting is the process of copying the
Q73: When the owner of a business invests
Q74: A credit decreases the balance of which
Q75: The accounting transaction to record payment of
Q76: If a trial balance is in balance,
Q77: Accounts receivable normally has a credit balance.