Start learning →

Every transaction must touch at least how many accounts?

ATen
BSix
CNine
DTwo
Answer & Solution
Correct answer: D. Two
1. One side records a debit. 2. Another records the matching credit. 3. So at least two accounts change. _Source: OpenStax Principles of Accounting Volume 1, Chapter 3, Analyzing and Recording Transactions._
Practise this question with Quill — B.Com Taxation →

Keep practising Accounting Principles and Double Entry

Browse all Accounting Principles and Double Entry questions for B.Com Taxation, or explore more Accountancy topics.

Start a Accounting Principles and Double Entry lesson →
Related questions
Accounting bingoType the numberSort the accounting ideasDebit or credit normalSlice the accounting wordsRun the ledger gatesPop the financial statementsCatch the accounting words