In the context of double-entry accounting, which of the following statements is true?

A) Every transaction affects two accounts.

B) Only one account is affected by a transaction.

C) Revenues and expenses are not included in the accounting equation.

D) Assets must always be equal to liabilities only.


Answer

Topics

  • Last Updated Nov 03, 2025
  • Views 2
  • Answered By Veanna Burner

FAQ Actions

Was this helpful? 0 0