which of the following is true of all accounting entries? debits must be greater than credits. there must be…

which of the following is true of all accounting entries? debits must be greater than credits. there must be fewer debits than credits. credits and debits must balance.

which of the following is true of all accounting entries? debits must be greater than credits. there must be fewer debits than credits. credits and debits must balance.

Answer

Answer:

C. Credits and debits must balance.

Brief Explanations:

In accounting, the double - entry system requires that for every transaction, the total amount of debits must equal the total amount of credits to maintain the accounting equation (Assets = Liabilities + Equity). This ensures the accuracy and integrity of financial records.