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:

Parliament

A legislative body in a country that holds the authority to create laws and, often, to oversee the government.

Hessians-German Soldiers

German troops hired by the British to fight in the American Revolutionary War, known for their discipline and effectiveness in battle.

Trenton

The capital city of New Jersey, United States, known for its historical significance, particularly in the American Revolutionary War.

New Jersey

A U.S. state located in the Mid-Atlantic region, known for its significant historical contributions, diverse population, and as the site of major battles during the American Revolutionary War.