Multiple Choice
The system of accounting where each transaction affects two or more accounts and the sum of the debit entries equals the sum of the credit entries is called:
A) single transaction accounting.
B) two-entry accounting.
C) double-entry accounting.
D) debit and credit accounting.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q3: An entity repays $2000 of an existing
Q4: In the expanded version of the accounting
Q5: What is the correct order in which
Q6: Which of the following represents the accounting
Q7: A list of ledger accounts and their
Q9: In order to provide timely information for
Q10: A listing of the complete ledger account
Q11: Which of these events would be recorded
Q12: A deposit received in advance by Broncos
Q13: A machine purchased by a business for