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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Medicare Cohort

A demographic group within the Medicare insurance program, usually defined by the year of enrollment or eligibility.

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