A

Admin • 831.35K Points
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Q. In double entry system, every transaction affects:

  • (A) Only one account
  • (B) Two accounts
  • (C) Three accounts
  • (D) Any number of accounts but at least two
  • Correct Answer - Option(D)
  • Views: 15
  • Filed under category Accounting
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Explanation by: Admin
Each transaction affects at least two accounts—one debit and one credit.

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