Every acccounting transaction will affect how many accounts?

1.Only One
2.Only Two
3.Two Or More

Question

Mohd Abdul · Answer

Only two. For example salaries outstanding

Effect 1: Appears in profit and loss account

Effect 2: Appears in balance sheet

Mohsin Saeed · Answer

in double entry system its 2 or more

Donna Pearl Mensurado · Answer

2 or more accounts. Double entry System.

Nadjib RABAHI · Answer

I agree with the answers given. Every transactions will affect 2 or more accounts

AHMAD OMAR CMA-CertIFR · Answer

every transaction will affect 2 or more accounts

Omar Haymour · Answer

I am assuming that you are asking about the double entry accounting method; in this case 2 or more.