In her work as an accountant,Sandra Garcia recognizes that for every transaction that affects an asset,an equal transaction must also affect either a liability or owners' equity.Sandra is using ________ bookkeeping.

Question

Quizplus · Accepted Answer

Sandra is using double entry bookkeeping. This system of accounting requires that for every transaction, there must be a corresponding entry in at least two accounts - one account will be debited and another account will be credited. This ensures that the accounting equation (assets = liabilities + equity) remains balanced. Therefore, option B - double entry - is the correct answer. Options A, C, D and E are not relevant to the concept described.

In Her Work as an Accountant,Sandra Garcia Recognizes That for Every