By the Rules of Double-Entry Accounting Applied to International Transactions

question 23

Multiple Choice

By the rules of double-entry accounting applied to international transactions, which of the following statements is NOT true?

• A) Every transfer of goods internationally must be paid for by an opposite transfer of goods, services, or unilateral transfers, or a transfer of assets.
• B) Every debit transaction must be offset somewhere in the accounts by an equal credit transaction.
• C) Deficits in any accounts are matched exactly by surpluses in an account at a parallel level.
• D) Every debit transaction must be offset by a transfer of assets.

---

Definitions:

Construction

The process of building, erecting, or constructing buildings, roads, or other substantial structures.

Air Conditioning System

A system designed to control the temperature, humidity, and air quality in indoor spaces.

Parking Lot

An area designated for the parking of vehicles.

Car Accident

An unexpected and unintended event involving a vehicle on a road or public area, often leading to damage or injury.