Double-Entry Accounting Is Best Characterized As

question 144

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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Definitions:

EVLN Model

A model explaining the four reactions of employees to workplace dissatisfaction: Leaving, Speaking Out, Staying Faithful, and Ignoring.

Neglect

The failure to provide for a child's basic needs, including physical, emotional, educational, and safety needs.

Shannon

Without specific context, this could refer to a personal name. In information theory, Claude Shannon is known for founding digital circuit design theory and information theory.

Sternberg's Triangular

A theory proposed by psychologist Robert Sternberg that describes the dynamic components of love as intimacy, passion, and commitment.