Answered: The double-entry system means: A)…

The double-entry system means: A) Recording each transaction onceB) Using two sets of booksC) Every transaction affects at least two accountsD) Keeping records in duplicate

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter3: The General Journal And The General Ledger

Section: Chapter Questions

Problem 5QY

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The double-entry system means:

A) Recording each transaction once
B) Using two sets of books
C) Every transaction affects at least two accounts
D) Keeping records in duplicate

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