is the accounting practice of recording every transaction in two places.
A)Entry duplication
B)Double-entry bookkeeping
C)Trial balancing
D)Account matching

Question

Quizplus · Accepted Answer

Double-entry bookkeeping is the accounting practice of recording every transaction in two places. This allows for greater accuracy and ensures that the accounting equation (assets = liabilities + equity) remains in balance. Entry duplication and account matching are not commonly used accounting terms, and trial balancing refers to the process of ensuring that the debits and credits in a company's accounts match up.

Is the Accounting Practice of Recording Every Transaction in Two