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

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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.

Answer

double-entry accounting.

The final answer is double-entry accounting.

Answer for screen readers

The final answer is double-entry accounting.

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.

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