Double Entry Accounting Requires That Every Entry Must Include at Least

question 102

True/False

Double entry accounting requires that every entry must include at least one debit and at least one credit.

---

Definitions:

Legal Responsibility

The obligation to act in accordance with the law and be accountable for one's actions in a legal context.

Acts of Another

Legal principle referring to the actions of a person that can affect the legal rights or responsibilities of another person.

Twelve-Month Period

A continuous period of twelve months that may be used for measurement or as a condition for certain legal and employment matters.

Family or Medical Leave

Authorized absence from work granted for family or health reasons, typically protected under law to ensure job security.