For the accounting equation to balance each transaction must:

Question

Quizplus · Accepted Answer

The accounting equation requires that each transaction affects at least two accounts, and may affect more than two accounts. This is because transactions involve changes to the assets, liabilities, and equity of a business, and these changes need to be recorded in the appropriate accounts to ensure that the accounting equation remains balanced. Therefore, choice D is the correct answer.

For the Accounting Equation to Balance Each Transaction Must