If a Transaction Is Properly Analyzed and Recorded

question 21

Multiple Choice

If a transaction is properly analyzed and recorded,

• A) only two accounts will be used to record the transaction.
• B) one account balance will increase and another will decrease.
• C) one asset account will be debited and one liability account will be credited.
• D) the total amount debited will equal the total amount credited.

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Definitions:

Labor Protest

An organized public demonstration or action by workers to express grievances or demand changes in employment conditions, such as higher wages or safer working environments.

U.S.

The United States of America, a federal republic consisting of 50 states and a federal district, known for its influential role in world affairs and its diverse population and culture.

Industrial Cities

Industrial cities are urban areas that have undergone significant development due to the presence and growth of manufacturing and industry.

Seaport

a coastal town or city with facilities for loading and unloading ships, playing a critical role in international trade and travel.