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  • Accounting : Journalizing Transactions Online Quiz
  • In double-entry accounting, each transaction affects at l...
Multiple choice

In double-entry accounting, each transaction affects at least two accounts

  1. true

  2. false

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Double-entry accounting requires that for every transaction, the total debits must equal the total credits, affecting at least two accounts.

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