What does the term "Double-entry accounting" mean?
a. That the Income and Expense accounts are always part of every transaction.
b. There are always at least two accounts involved in every financial transaction.
c. That the Cost of Goods Sold account and the Liabilities account are always part of a transaction.
d. The Equity and Asset accounts are always involved in a transaction.
Submitted by: Administratorb. There are always at least two accounts involved in every financial transaction.
Submitted by:
Submitted by:
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