The double-entry system requires how many of the following to be true?
i.At least one account should be debited and one account credited
ii.Total debits should equal total credits
iii.The accounting equation should stay in balance

Question

Quizplus · Accepted Answer

The double-entry system requires all three statements to be true: at least one account should be debited and one credited, total debits should equal total credits, and the accounting equation should remain balanced.

The Double-Entry System Requires How Many of the Following to Be