The Double-Entry Accounting System Means

question 82

Multiple Choice

The double-entry accounting system means

• A) each transaction is recorded with two journal entries.
• B) each item is recorded in a journal entry, then in a general ledger account.
• C) the dual effect of each transaction is recorded with debits and credits of equal amount.
• D) None of these answer choices is correct.

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Definitions:

PTSD

Post-Traumatic Stress Disorder (PTSD) is a psychiatric disorder that can occur in people who have experienced or witnessed a traumatic event.

Stressful Event

A situation or occurrence that causes significant strain or pressure, potentially triggering a stress response in individuals.

Unpredictable

Describes something that cannot be predicted or foreseen, often due to a lack of information or inherent variability.

Control

In experiments, the use of standardized procedures to limit the effects of other variables, ensuring that the study measures what it aims to.