Which of the following ensures that the accounting equation is always kept in balance?
A) Credits
B) Debits
C) Double-entry accounting
D) Balance sheet
E) T-accounts

Question

Quizplus · Accepted Answer

Double-entry accounting requires every transaction to have equal debits and credits, ensuring that the accounting equation (Assets = Liabilities + Equity) stays in balance. Choices A, D, and E are related to accounting but do not directly ensure that the accounting equation stays in balance.

Which of the Following Ensures That the Accounting Equation Is