The System of Accounting in Which Every Transaction Affects at Least

question 54

True/False

The system of accounting in which every transaction affects at least two accounts is called the double-entry system.

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Definitions:

Systematic Observation

Involves the careful and consistent monitoring of behaviors or phenomena, following a structured methodology to collect data.

North American Proponent

An individual or group advocating or supporting a cause or idea notably within the context of North America.

Behaviorism

A branch of psychology that studies observable behaviors, emphasizing the role of environmental factors in shaping behavior.

Cognitive Development

Refers to the progressive and ongoing growth of perception, memory, imagination, and problem-solving skills.