A transaction in which there are at least two parts

Question

A transaction in which there are at least two parts - a debit and a credit - also called distribution lines is called:
A)Register.
B)Trial balance.
C)Journal entry.
D)Balance sheet.
E)None

Quizplus · Accepted Answer

A transaction with at least two parts- a debit and a credit- is recorded in a journal entry. The journal entry is used to post transactions to the general ledger accounts and is a critical step in the accounting cycle. The other options are not appropriate as they do not refer to a transaction with multiple distribution lines.