Journal entries can have more than two accounts as long as the debits equal the credits.
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Q44: Journalizing always eliminates fraudulent activity.
Q45: Journalizing transactions using the double-entry bookkeeping system
Q46: The process of recording a transaction in
Q47: Liability accounts are increased by debits.
Q48: Transactions are initially entered into a record
Q50: The posting reference notation used in the
Q51: Assets are increased with debits and decreased
Q52: Transactions are listed in the journal chronologically.
Q53: A transaction that is recorded in the
Q54: Normal account balances are on the increase
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