A Double-Entry Accounting System Is an Accounting System

question 170

Multiple Choice

A double-entry accounting system is an accounting system:

• A) That may only be used if T-accounts are used.
• B) That insures that errors never occur.
• C) In which each transaction affects and is recorded in two or more accounts but that could include two debits and no credits.
• D) That records the effects of transactions and other events in at least two accounts with equal debits and credits.
• E) That records each transaction twice.

---

Definitions:

Identity Issues

Refers to conflicts or uncertainties about one's role, goals, abilities, or social affiliations.

Discrimination

The unfair or prejudicial treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.

Extended Period

A longer than usual duration of time dedicated to a particular activity, event, or condition.

Potential Adult Identities

The various identities or self-conceptions that an individual might assume or develop into during adulthood.