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) balancing.
D) double-entry bookkeeping.

Question

Quizplus · Accepted Answer

Double-entry bookkeeping is the accounting method where each transaction is recorded in at least two accounts, with debits equaling credits, ensuring the accounting equation remains balanced.

When Recording Transactions in Two or More Accounts and the Totals