In her work as an accountant, Sandra Garcia recognizes that for every transaction that affects an asset, an equal transaction must also affect either a liability or owners' equity. Sandra is using ________ bookkeeping.
A)double profit
B)double entry
C)bottom line
D)triple entry

Question

Quizplus · Accepted Answer

Sandra is using double entry bookkeeping, which requires every transaction to have an equal and opposite effect on at least two accounts. This helps ensure accuracy and balance in the accounting records. Double profit, bottom line, and triple entry are not standard accounting terms or practices.

In Her Work as an Accountant, Sandra Garcia Recognizes That