The double-entry accounting system means
A. each transaction is recorded with two journal entries.
B. each item is recorded in a journal entry, then in a general ledger account.
C. the dual effect of each transaction is recorded with debits and credits of equal amount.
D. None of these answer choices is correct.
Answer:C
The double-entry accounting system means
A. each transaction is recorded with two journal entries. B. each item is recorded in a journal entry, then in a general ledger account. C. the dual effect of each transaction is recorded with debits and credits of equal amount. D. None of these answer choices is correct.