Double- Entry Accounting Means That Each Transaction

question 19

Multiple Choice

Double- entry accounting means that each transaction:

• A)debits at least one account and credits at least one account.
• B)is recorded in both the journal and in the ledger.
• C)increases at least one account and decreases at least one account.
• D)affects both an income statement account and a balance sheet account.

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Definitions:

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