Double-Entry Accounting Requires Transactions to Affect Two or More Accounts

question 57

True/False

Double-entry accounting requires transactions to affect two or more accounts, and the total of the debits and credits must equal.

---

Definitions:

Successful Minority

Describes a subgroup within a larger population that achieves a higher level of success compared to the average, often despite facing systemic barriers.

Principled

Acting in accordance with morality and showing recognition of right and wrong.

Disrupt

To interrupt by causing a disturbance or problem, significantly altering or destabilizing the status quo.

Ingroup Minority

A smaller subset within a larger group that may hold different views or characteristics from the majority of the group.