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Every acccounting transaction will affect how many accounts? 1.Only One 2.Only Two 3.Two Or More

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Question ajoutée par Majid Wangade , Senior Accountant , KANTOUR LIMITED COMPANY ( Real Estate, Construction and Asset Management )
Date de publication: 2016/11/15

Only two. For example salaries outstanding

Effect 1: Appears in profit and loss account

Effect  2: Appears in balance sheet

Mohsin Saeed
par Mohsin Saeed , ACCOUNTANT , Arsalan Restaurant

in double entry system its 2 or more

Donna Pearl Mensurado
par Donna Pearl Mensurado , HR Admin/ Accounting Assistant , The Silver Corner Manpower Recruitment

2 or more accounts. Double entry System.

Nadjib RABAHI
par Nadjib RABAHI , Freelancer , My own account

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

AHMAD OMAR  CMA-CertIFR
par AHMAD OMAR CMA-CertIFR , Accounting Manager , NADIA BAKHURJI ARCHITECTS & INTERIOR DESIGN CONSULTANTS

every transaction will affect 2 or more accounts

Omar Haymour
par Omar Haymour , Accounting Manager , Qatar Public Relations

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

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