Multiple Choice
When recording transactions in two or more accounts and the totals of the debits and credits are equal, it is called
A) debiting.
B) crediting.
C) posting.
D) double-entry bookkeeping.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q5: The debit side is always the right
Q6: The business bought supplies on account. To
Q7: The side that increases the account balance,
Q8: Identify whether a debit or credit would
Q9: Revenues are recorded when earned.
Q11: A debit to a liability account was
Q12: Equipment is an example of a liability.
Q13: A credit to an asset account was
Q14: A debit to an asset account was
Q15: At least two accounts are affected in