The System of Accounting in Which There Are at Least

question 145

Multiple Choice

The system of accounting in which there are at least two accounts affected in every transaction so that the accounting equation stays in balance is called

• A)debit.
• B)credit.
• C)double-entry.
• D)full disclosure.

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Definitions:

Negative Impact

An adverse effect or detriment to something's condition, performance, or well-being.

Attitudes

A settled way of thinking or feeling about someone or something, typically reflected in a person's behavior.

Dogmatism

Leads a person to see the world as a threatening place and to regard authority as absolute.

Conventional Values

Traditional beliefs or norms that are widely accepted within a society or among members of a particular group.