Recording a transaction in two places in the accounts is an example of which principle?
A)Accrual accounting
B)Closing the books
C)Adjusting the trial balance
D)Double-entry bookkeeping

Question

Quizplus · Accepted Answer

Recording a transaction in two places (debit and credit) is a fundamental principle of double-entry bookkeeping, which ensures accuracy and completeness in the accounting system.

Recording a Transaction in Two Places in the Accounts Is