Answered

Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

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
Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.