For the Basic Accounting Equation to Stay in Balance Each

question 55

Multiple Choice

For the basic accounting equation to stay in balance each transaction recorded must

• A) affect two or less accounts.
• B) affect two or more accounts.
• C) always affect exactly two accounts.
• D) affect the same number of asset and liability accounts.

---

Definitions:

Murder-Suicide

A tragic event where an individual kills one or more persons before taking their own life.

Culture of Violence

describes a societal norm that accepts, promotes, or glorifies violence as an acceptable means to resolve conflicts.

Violent Sports Competition

Athletic events that involve a high risk of physical harm or aggressive behavior among participants.

Media Violence

This term denotes the representation of violent or aggressive behavior in various media forms, which is often debated for its potential influence on real-world aggression.