Multiple Choice
The equality of debits and credits is the basis for
A) the double-entry accounting system.
B) the single-entry accounting system.
C) the T account.
D) all accounting systems.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q108: The normal balance of the Dividends Declared
Q109: A trial balance is a listing of
Q110: In its simplest form, a T account
Q111: If the totals of a trial balance
Q114: The ledger accounts should be arranged in<br>A)date
Q115: Usually, a trial balance is prepared<br>A)at the
Q116: The first step in the recording process
Q117: After a business transaction has been analyzed
Q118: An account will have a credit balance
Q136: An increase in an asset is recorded