Double-Entry Bookkeeping Is a System of Accounting in Which

question 78

Multiple Choice

Double-entry bookkeeping is a system of accounting in which:

• A)it is ideal for credits to be greater than debits.
• B)it is ideal for debits to be greater than credits.
• C)each transaction is recorded in the same account twice.
• D)only foreign and domestic accounts are used.
• E)the debit total must equal the credit total for the transactions as a whole.

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