All of the Following Occur with a Double-Entry Accounting System

question 62

Multiple Choice

All of the following occur with a double-entry accounting system except:

• A) The accounting equation remains in balance.
• B) The sum of all debits is always equal to the sum of all credits in each journal entry.
• C) Each business transaction will have only two entries.
• D) Every transaction affects at least two accounts.

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Definitions:

Antidepressants

Medications used to treat depression, anxiety disorders, and some other conditions by influencing neurotransmitter levels in the brain.

Action Potential

A short-lasting event in which the electrical membrane potential of a cell rapidly rises and falls, occurring in nerve cells.

Agonists

Substances that initiate a physiological response when combined with a receptor, often referring to drugs that mimic the action of the body's own chemicals.

Antagonists

Substances that bind to receptors in the body and block or dampen the effects of agonists, often used in pharmaceuticals to inhibit certain actions within the body.