Double$-$entry accounting is characterized by which of the following?

Multiple Choice

The number of general ledger accounts with debit balances is equal to the number with credit balances.

Every transaction affects both an asset account and either a liability account or an owners' equity account.

The number of debit entries posted to the general ledger equals the number of credit entries.

The total dollar amount of debit entries posted to the general ledger is equal to the dollar amount of the credit entries.