The Rules for Recording Accounting Transactions Include All of the Following

Multiple Choice

The rules for recording accounting transactions include all of the following EXCEPT:

A) Every transaction's net amount on the left side of the equation must equal the net amount on the right side of the equation.
B) Total assets must always equal total liabilities plus total equity.
C) Every transaction affects the financial statements of the business.
D) Both sides of the accounting equation must be affected.