Double-Entry Bookkeeping Is a System of Recording and Classifying Business

question 55

Multiple Choice

Double-entry bookkeeping is a system of recording and classifying business transactions

• A) in separate accounts in order to maintain the accounting equation.
• B) by the amount of the transaction.
• C) in all accounts including those that do not maintain the accounting equation.
• D) in general ledgers.
• E) in the same account.

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Definitions:

Radio

A technology that uses radio waves to transmit information, such as sound, by modulation.

Satellite

An artificial object placed into orbit around the Earth or another body in space for the purpose of communication, navigation, or observation.

Fiber

A type of material used in telecommunications that transmits light to carry information over long distances.

Dematerialization

The process of reducing the use of physical resources in the production and distribution of goods and services, often through digitalization.