Question

If a transaction is properly analysed and recorded: (a) Only two accounts will be used to record the transaction. (b) One account will be used to record transaction. (c) One account balance will increase and another will decrease. (d) Total amount debited will equals total amount credited.

Answer 1

Explanation:

Only two accounts will be used to record the transaction.

B

One account will be used to record transaction.

C

One account balance will increase and another will decrease.

D

Total amount debited will equals total amount credited solution