The Double-Entry System Requires That Each Transaction Must Be Recorded

question 54

Multiple Choice

The double-entry system requires that each transaction must be recorded

• A) in at least two different accounts.
• B) in two sets of books.
• C) in a journal and in a ledger.
• D) first as a revenue and then as an expense.

---

Definitions:

Extravert

A personality trait characterized by a focus on external sources of stimulation and a high level of outgoingness and sociability.

Big Five

A model outlining five broad dimensions of personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Openness

A personality trait characterized by an appreciation for adventure, variety, and novel experiences.

Pessimistic Attributional Style

refers to a tendency to blame oneself for negative events and expect adverse outcomes, which can lead to depression and anxiety.