The Double-Entry Method of Accounting Refers to the Practice by Accountants

question 34

Multiple Choice

The double-entry method of accounting refers to the practice by accountants of:

• A) dual recording of every transaction whereby the total debited to one or more accounts in a transaction equals the total credited to one or more accounts for the same transaction.
• B) placing a double underline beneath each journal entry.
• C) double-counting certain types of transactions.
• D) double-checking every journal entry.

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Definitions:

Age

Age refers to the length of time that an individual has been alive, typically measured in years.

Thomas And Chess

Psychologists known for their pioneering work in the study of child temperament, identifying various temperament types based on childhood behavior.

High-Strung

Describing someone as high-strung refers to a person who is very anxious, nervous, or tense.

Routine

A set of habitual or fixed practices and activities performed regularly.