When transactions are recorded in at least two separate accounts that are equal and offsetting, this is referred to as

Understand the Problem

The question is asking for the term that describes the process of recording transactions in at least two separate accounts in a way that they balance each other out. This relates to fundamental accounting principles.

More Information

Double-entry accounting requires that every transaction record affects at least two accounts, maintaining a balanced state with offsetting entries. This system helps ensure the accuracy and integrity of financial records.

Tips

Confusing double-entry accounting with transaction analysis, but the latter involves studying the effects of transactions before they are recorded.

Sources

• Double-Entry Accounting - Investopedia - investopedia.com
• Solved - Chegg.com - chegg.com