A Double-Entry Accounting System Is an Accounting System

Multiple Choice

A double-entry accounting system is an accounting system:

A) That may only be used if T-accounts are used.
B) That insures that errors never occur.
C) In which each transaction affects and is recorded in two or more accounts but that could include two debits and no credits.
D) That records the effects of transactions and other events in at least two accounts with equal debits and credits.
E) That records each transaction twice.