Which of the Following Statements About Double-Entry Bookkeeping Is True

Multiple Choice

Which of the following statements about double-entry bookkeeping is true?

A) The double-entry principle is referred to as accrual accounting.
B) For each transaction or economic event the total amount debited must equal the total amount credited.
C) If one account is increased, then another account must be decreased.
D) The total number of accounts debited must equal the total number of accounts credited.