What is the minimum number of ways that a transaction could effect the basic accounting equation?
A)One.
B)Two.
C)Three.
D)No minimum.

Question

Quizplus · Accepted Answer

A transaction must affect at least two accounts, resulting in a change to one side of the equation and an equal and opposite change to the other side. Therefore, the minimum number of ways a transaction could affect the accounting equation is two.

What Is the Minimum Number of Ways That a Transaction