The system of accounting in which there are at least two accounts affected in every transaction so that the accounting equation stays in balance is a(n)
A)double-entry system.
B)debit.
C)credit.
D)journalizing.

Question

Quizplus · Accepted Answer

A double-entry system ensures that every transaction affects at least two accounts in such a way that the accounting equation remains balanced. This means that every transaction has both a debit and a credit entry, and the total debits must equal the total credits in the system.

The System of Accounting in Which There Are at Least