Which of the Following Ensures That the Accounting Equation Is

question 213

Short Answer

Which of the following ensures that the accounting equation is always kept in balance?
Credits
Debits
Double-entry accounting
Balance sheet
T-accounts

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Definitions:

Debt

An amount of money borrowed by one party from another, typically with the condition that it is to be repaid with interest.

Security Agreement

A legal document that provides a lender a security interest in a specified asset or property that serves as collateral for a loan.

Documents

Written, printed, or electronic records that provide evidence or information.

Considered

Thought about or taken into account when making a decision or judgment.