Which of the Following Is Not True with a Double-Entry

question 72

Multiple Choice

Which of the following is not true with a double-entry accounting system?

• A) The accounting equation remains in balance.
• B) The sum of all debits is always equal to the sum of all credits in each journal entry.
• C) Each business transaction will have two debits.
• D) Every transaction affects at least two accounts.

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Definitions:

Compulsions

Repetitive behaviors or mental acts that a person feels driven to perform in response to an obsession, typically aimed at reducing anxiety or preventing a feared event or situation.

Recurrent Thoughts

Repeated thoughts or ideas that frequently occupy a person's mind.

Recurrent Behaviors

Repetitive actions often performed with little conscious thought, which can be part of routines, habits, or compulsions.

Social Phobia

A severe anxiety disorder characterized by a significant amount of fear in one or more social situations, causing considerable distress and impaired ability to function in at least some parts of daily life.