The total dollar value of all debits and credits recorded in a journal entry must be equal.  True False

Statement Analysis

The statement is addressing the fundamental principle of double-entry bookkeeping, which states that for every debit entry recorded, there must be a corresponding credit entry of equal value.

Explanation

In accounting, each journal entry is recorded in two parts: debits and credits. The total value of debits must always equal the total value of credits. This is to ensure that the accounting equation (Assets = Liabilities + Equity) remains balanced. If the total debits do not equal the total credits, it indicates an error in the accounting records, which needs to be rectified.

Conclusion

Thus, the correct response to the statement is True.