In recording an accounting transaction in a double-entry system,
A)the number of accounts to be debited must equal the number of accounts to be credited.
B)there must always be entries made on both sides of the accounting equation.
C)the amount of the debits must equal the amount of the credits.
D)there must only be two accounts affected by any transaction.

Question

Quizplus · Accepted Answer

In a double-entry accounting system, every transaction must have the total debits equal to the total credits to maintain the balance of the accounting equation. This ensures that the books are always balanced. Choices A, B, and D are not requirements of the double-entry system.

In Recording an Accounting Transaction in a Double-Entry System