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Is it possible to make an entry which changes only one account?
1) Yes
2) No

User JT Smith
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1 Answer

1 vote

Final answer:

No, it is not possible to make an entry that changes only one account due to the requirement of the double-entry system in accounting, which needs at least two entries for every transaction to maintain balance.

Step-by-step explanation:

The direct answer to the question is No. In accounting, an entry that changes only one account is not possible because the fundamental rule of accounting is the double-entry system. This system requires that every transaction must be recorded with at least two entries: a debit and a credit. These entries must balance, meaning the total debits must equal total credits. For example, if a business receives cash from a sale, it would record a debit to increase the Cash account and a credit to increase the Sales Revenue account.

User Touhid Rahman
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