If a transaction is properly analyzed and recorded,

Question

Quizplus · Accepted Answer

A properly analyzed and recorded transaction will follow the fundamental accounting equation, which states that assets = liabilities + equity. Thus, for every transaction, the total dollar amount debited (recorded on the left side of an account) must equal the total dollar amount credited (recorded on the right side of an account). This means that choices A, B, and C are incorrect, as they do not necessarily ensure that the debits and credits will be equal.

If a Transaction Is Properly Analyzed and Recorded