Perry is responsible for recording sales transactions at Turncoat Enterprises. Perry's company utilizes ______________________, to help minimize entry errors.
A) auditing
B) capital budgeting
C) double-entry bookkeeping
D) revenue assessment

Question

Quizplus · Accepted Answer

Double-entry bookkeeping is a system in which each financial transaction is recorded in two different accounts - a debit in one account and a credit in another. This system helps to minimize entry errors because it ensures that each transaction is recorded accurately and completely. It is a widely used system in accounting and is intended to increase the accuracy and reliability of financial statements.

Perry Is Responsible for Recording Sales Transactions at Turncoat Enterprises