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Double-entry bookkeeping strives to make sure the transactions recorded in the journal and in the ledgers are Blank______.Multiple choice question.differentlegibleequalusable

Question

Double-entry bookkeeping strives to make sure the transactions recorded in the journal and in the ledgers are Blank______.Multiple choice question.differentlegibleequalusable

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Solution

The correct answer is "equal". Double-entry bookkeeping ensures that the transactions recorded in the journal and in the ledgers are equal. This is because every transaction is recorded twice, once as a debit and once as a credit, to ensure the books always balance.

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The double-entry system requires that each transaction must be recorded: Group of answer choices in at least two different accounts. in two sets of books. in a journal and in a ledger. first as a revenue and then as an expense.

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Double-entry bookkeeping requires that every transaction be recorded in places.

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