In Addition to Requiring That the Accounting Equation Remain in Balance,the

Multiple Choice

In addition to requiring that the accounting equation remain in balance,the double-entry system also requires that:

A) the number of asset accounts must equal the number of liability and stockholder's equity accounts.
B) for any transaction,only two accounts are affected.
C) for any transaction,both sides of the accounting equation are affected.
D) the total dollar amount of debits must equal the total dollar amount of credits.