The double-entry bookkeeping system requires that for every transaction:
A. a debit entry must be recorded first
B. a credit entry must be recorded first
C. at least two accounts are affected
D. only one account is affected
Answer:C
The double-entry bookkeeping system requires that for every transaction:
A. a debit entry must be recorded first B. a credit entry must be recorded first C. at least two accounts are affected D. only one account is affected