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:

Strongly Committed

A state or quality of being dedicated or devoted to a task, cause, or objective with high levels of engagement and enthusiasm.

Flexible Manufacturing Systems

Advanced production systems characterized by versatility in equipment and operations to efficiently produce varied products in small quantities.

Automated Guided Vehicles

Driverless vehicles equipped with sensors and processors, used in manufacturing and warehouses for material handling and transport tasks.

Material Handling

The act of transporting, securing, keeping, and supervising materials and goods from the point of manufacturing, through storage and distribution, to their consumption and eventual discard.