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:

Correlation

A measure indicating the extent to which two or more variables fluctuate together, which can be positive, negative, or zero (no correlation).

Demand Characteristics

Cues in an experiment that suggest to participants what behavior is expected, potentially influencing the outcomes of that experiment.

Falsifiable

A principle that a hypothesis or theory must be capable of being proven false in order to be considered scientific.

Testable Predictions

Hypotheses or statements that can be verified or falsified through experimentation or observation.