Start learning →

Every transaction touches at least two accounts, with at least one debit and at least one:

ACoupon
BCheque
CContract
DCredit
Answer & Solution
Correct answer: D. Credit
1. The two sides must balance. 2. One is a debit. 3. The other is a credit. _Source: OpenStax Principles of Financial Accounting, Chapter 3, Analyzing and Recording Transactions._
Practise this question with Quill — ICAG (Ghana) →

Keep practising Double Entry Bookkeeping

Browse all Double Entry Bookkeeping questions for ICAG (Ghana), or explore more Accounting topics.

Start a Double Entry Bookkeeping lesson →
Related questions