The Double-Entry System Requires That Each Transaction Must Be Recorded

question 54

Multiple Choice

The double-entry system requires that each transaction must be recorded

• A) in at least two different accounts.
• B) in two sets of books.
• C) in a journal and in a ledger.
• D) first as a revenue and then as an expense.

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Definitions:

Diphenhydramine

An antihistamine drug used to relieve allergic reactions, treat insomnia, and alleviate symptoms of the common cold.

Side Effect

An unintended and usually adverse effect of a drug or therapy that occurs in addition to the desired therapeutic effect.

Demerol

A brand name for meperidine, a narcotic analgesic used to treat moderate to severe pain.

Morphine IV

Intravenous administration of morphine, a powerful opiate used for severe pain management.