menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial and Managerial Accounting Study Set 8
  4. Exam
    Exam 3: The Accounting Cycle: Capturing Economic Events
  5. Question
    Every Business Transaction Is Recorded by a Debit to a Balance
Solved

Every Business Transaction Is Recorded by a Debit to a Balance

Question 129

Question 129

True/False

Every business transaction is recorded by a debit to a balance sheet account and a credit to an income statement account.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q124: Eagle News has a $6,000 account receivable

Q125: [The following information applies to the questions

Q126: [The following information applies to the questions

Q127: Double-entry accounting is characterized by which of

Q128: Sally Smith had expenses of $800 in

Q130: Green Systems sold and delivered modems to

Q131: The price of the goods sold or

Q132: Revenues increase owners' equity because:<br>A)Revenues increase net

Q133: The matching principle refers to the relationship

Q134: Net income is:<br>A)The excess of debits over

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines