Double-Entry Accounting Is Best Characterized as

question 159

Multiple Choice

Double-entry accounting is best characterized as

• A)the number of debit entries posted to the ledger equals the number of credit entries.
• B)the number of ledger accounts with debit balances is equal to the number with credit balances.
• C)every transaction affects both an asset account and either a liability account or a stockholders' equity account.
• D)the total dollar amount of debit entries posted to the ledger is equal to the dollar amount of the credit entries.

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