A transaction in which there are at least two parts

Question

A transaction in which there are at least two parts - a debit and a credit - also called distribution lines is called:
A)Register.
B)Trial balance.
C)Journal entry.
D)Balance sheet.
E)None of these.

Quizplus · Accepted Answer

A journal entry, in accounting, is the method used to record all the individual financial transactions made by a company into its journal. It ensures that every debit transaction is matched with a corresponding credit transaction, adhering to the double-entry system of accounting.