The feature of accounting in which means that there are at least two accounts affected in every transaction so that the accounting equation stays in balance is called:

Question

Quizplus · Accepted Answer

The dual nature of accounting means that there are always at least two accounts affected in every transaction, with one account debited and the other credited, in order to maintain the balance of the accounting equation (Assets = Liabilities + Equity). This is a fundamental concept in double-entry accounting. The other options are not correct descriptions of this feature.

The Feature of Accounting in Which Means That There Are