Which of the following is not a feature of double-entry accounting? A) Every transaction affects two accountsB) Total debits equal total creditsC) Each transaction is recorded twice in the same accountD) Helps detect errors

Which of the following is not a feature of double-entry accounting? A) Every transaction affects two accountsB) Total debits equal total creditsC) Each transaction is recorded twice in the same accountD) Helps detect errors

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter8: Recording Closing Entries And Preparing A Post-closing Trial Balance For A Service Business

Section8.2: Preparing A Post-closing Trial Balance

Problem 1AYU

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Question

Which of the following is not a feature of double-entry accounting?

A) Every transaction affects two accounts
B) Total debits equal total credits
C) Each transaction is recorded twice in the same account
D) Helps detect errors

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