Peter,a Private Accountant,enters Every Transaction in a Journal to Reflect

question 159

Multiple Choice

Peter,a private accountant,enters every transaction in a journal to reflect its impact on both assets and on liabilities and owners' equity.He is using

• A) a double-entry accounting system.
• B) a balance sheet.
• C) a financial ratio.
• D) an income statement.
• E) a financial statement.

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