In Recording an Accounting Transaction in a Double-Entry System

question 184

Multiple Choice

In recording an accounting transaction in a double-entry system

• A) the number of debit accounts must equal the number of credit accounts.
• B) there must always be entries made on both sides of the accounting equation.
• C) the amount of the debits must equal the amount of the credits.
• D) there must only be two accounts affected by any transaction.

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Definitions:

Socially Dividing Factor

An element that creates division within society, often leading to groups being separated or distinguished by differing values, beliefs, or socio-economic status.

Life Expectancy

The average period that an individual is expected to live, based on statistical averages of age, demographic factors, and health conditions.

Proximate Determinant

A factor that has a direct and immediate effect on a particular outcome or situation, often used in the context of biology and sociology.

Stature

The natural height of an individual in an upright position, often considered in contexts of health, nutrition, and genetics.