5.What is double-entry accounting?
A. Recording one entry per transaction
B. Recording two entries per transaction: one debit and one credit
C. A method of entering data twice for accuracy
D. An accounting system used only by large corporations

QUESTION:What is double-entry accounting?A. Recording one entry per transactionB. Recording two entries per transaction: one debit and one creditC. A method of entering data twice for accuracyD. An accounting system used only by large corporationsANSWER:B. Recording two entries per transaction: one debit and one credit

Answered by GreatRedSpot | 2024-10-23