Practice mode Accounting

At least how many accounts are affected by every business transaction?

Correct answer A. Two

Explanation

Under the double entry principle each transaction has a debit and a credit aspect, so a minimum of two accounts is always involved.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.