A

Admin • 833K Points
Coach

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: 20
  • Filed under category Accounting
  • Hashtags:

Explanation by: Admin

Each transaction affects at least two accounts—one debit and one credit.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Be the first to start discuss.