It is important to remember that the fundamental identity of accounting is the debit and credit recording activity where debits ________ equal credits.
A)never
B)seldom
C)sometimes
D)always

Question

Quizplus · Accepted Answer

The fundamental identity of accounting is the concept of double-entry bookkeeping, where every transaction has both a debit and a credit entry. The total of debits must always equal the total of credits in order for the books to be balanced.

It Is Important to Remember That the Fundamental Identity of Accounting