Answered

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Question 7: All transactions must involve at least three accounts.

A. True
B. False

Sagot :

GinnyAnswer

Final answer:

In accounting, transactions can involve only two accounts through journal entries like debit and credit, refuting the statement that all transactions must involve at least three accounts.


Explanation:

False

In accounting, transactions can involve two accounts through journal entries like debit and credit, affecting only two accounts.

For example, a company pays rent expense using cash. This transaction affects only the cash account and the rent expense account.


Learn more about Accounting transactions here:

https://brainly.com/question/38582062


ashleyrodz942
Answer: B. False
Not true
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