Answered

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Which option best explains double-entry accounting?

A. An accounting entry that decreases an asset or expense account or increases a liability, revenue, or equity account

B. An accounting entry that increases an asset or expense account or decreases a liability, revenue, or equity account

C. An accounting process that compares two sets of records to ensure that the numbers are accurate and in agreement

D. An accounting system where every transaction is recorded using opposing entries in at least two different accounts

Sagot :

GinnyAnsweridn

Final answer:

Double-entry accounting involves recording transactions with opposing entries in at least two accounts.


Explanation:

Double-entry accounting is an accounting system where every transaction is recorded using opposing entries in at least two different accounts. Debits increase assets or expenses and decrease liabilities, revenues, or equity accounts. Credits increase liabilities, revenues, or equity and decrease assets or expenses.


Learn more about Double-entry accounting here:

https://brainly.com/question/44002546


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