In French accounting, double-entry bookkeeping requires
In French accounting, double-entry bookkeeping requires: (choose 2)
A. Each transaction has equal debits and credits
B. At least two accounts are affected
C. Only cash transactions are recorded
D. No balancing is needed
Answer: A, B
Explanation: Double-entry bookkeeping in French accounting is based on the Duality principle. It requires that each transaction affects at least two accounts (one debited, one credited) and that the total debits equal the total credits for each transaction. This ensures the accounting equation remains balanced. Cash-only recording is single-entry bookkeeping, not double-entry.
