Double-Entry Accounting Is an Accounting System

question 121

Multiple Choice

Double-entry accounting is an accounting system:

• A)That records each transaction twice
• B)That records the effects of transactions and other events in at least two accounts with equal debits and credits
• C)In which the impact of each transaction is recorded in two or more accounts but that could include two debits and no credits
• D)That may only be used if T-accounts are used
• E)That insures that errors never occur

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Definitions:

End-of-life Medical Care

Care designed to provide comfort and support to people in the final phase of a terminal illness.

Hospice Care

Palliative care focusing on the relief of symptoms and stress for patients with life-limiting illnesses.

Medical Interventions

Actions taken by healthcare professionals to prevent, manage, or treat a health problem.

Double Effect

An ethical principle stating that performing a good action may be permissible even if it leads to harmful effects, under certain conditions.