The System of Accounting Where Each Transaction Effects Two or More

question 9

Multiple Choice

The system of accounting where each transaction effects two or more accounts and the sum of the debit entries equals the sum of the credit entries is called:

• A) single entry accounting.
• B) double-entry accounting.
• C) twin accounting.
• D) debit and credit accounting.

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Definitions:

Personality

The mix of emotional, attitudinal, and behavioral reaction patterns characteristic of a person.

Unconscious

The part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Neurotic

Related to, constituting, or affected by a mild mental disorder characterized by anxiety or fear.

Dominant Force

The most powerful or influential factor in a particular situation or relationship.