What Is the System of Accounting in Which at Least

question 118

Multiple Choice

What is the system of accounting in which at least two accounts are affected in every transaction so that the accounting equation stays in balance?

• A) debit scoring
• B) credit scoring
• C) double-entry bookkeeping
• D) full disclosure accounting

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Definitions:

CPU

The primary part of a computer known as the Central Processing Unit is tasked with carrying out most of the computer's processing tasks.

Volatile Memory

A type of computer memory that requires power to maintain the stored information; it loses its data when the power is turned off.

Nonvolatile Memory

A type of memory that retains data even after power is turned off.

Engineering Units

Standardized units of measurement in the field of engineering, ensuring consistency and accuracy across different applications and systems.