In Accounting, Every Transaction Must Be Recorded as Two Entries

question 104

Multiple Choice

In accounting, every transaction must be recorded as two entries. This system is known as which of the following?

• A) dual-notation bookkeeping
• B) double-entry bookkeeping
• C) double-decker bookkeeping
• D) accounting-cycle bookkeeping

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Definitions:

Pedigrees

Diagrams used to map out the relationships and traits within families, often used to study genetic disorders and inheritance patterns.

Family Health History

A record of diseases and health conditions present in a person's family, which can indicate an increased risk of similar conditions.

Heredity

The passing of traits from parents to offspring through genes.

Genetic Traits

Characteristics that are inherited from our parents through genes, influencing various aspects of our physical and behavioral traits.