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  • Accounting Principles Online Quiz
  • What is always true of every journal transaction?
Multiple choice

What is always true of every journal transaction?

  1. Debits > Credits

  2. Debits = Credits

  3. Debits < Credits

  4. Debits zero out

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

The fundamental rule of double-entry accounting is that for every transaction, the total debits must equal the total credits to keep the accounting equation in balance.

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