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The accounting equation should remain in balance because every transaction affects how many accounts?

a. Only One b. Only Two c. Two Or More

Major Accounts Accounting
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Question added by Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed
Date Posted: 2014/05/18
Upvote (5) Views (28) Followers (5) Answers (18) Report Question
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Asad zaman
by Asad zaman , Audit/Finance , Rafaqat Baber and co

two or more

 

Mohsin Abbas
by Mohsin Abbas , Finance Manager , Saudi Power Transformers Company& CG Power Systems

TWO OR MORE

Deleted user
by Deleted user

Option C: Two or More

Henry Kiwara
by Henry Kiwara , Accountant , Joe's Electrical

C - You can not balance with one leg you need another one for it to be called Double Entry System. 

alaa abd elazeem
by alaa abd elazeem , تتريب صيفي , البنك المركزي المصري

c

MUHAMMAD ETIMAD SYED
by MUHAMMAD ETIMAD SYED , Senior Financial Accountant , TA'AZ Group of Companies

C

Mubashir Shahzad
by Mubashir Shahzad , Oracle Functional Consultant/ERP Business Analyst , Jaffer Business System

c

Muhammad Usman Ashraf
by Muhammad Usman Ashraf , VAT Accountant , Jumeirah Golf Estates

C

Roberto Ramil, Jr.
by Roberto Ramil, Jr. , Branch Operation Officer, Internal Auditor, Accountant , Producers Savings Bank Corporation

C

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