Double-Entry Accounting Is an Accounting System

Multiple Choice

Double-entry accounting is an accounting system:

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