A compound journal entry is
A) A journal entry that has three or more debits and three or more credits.
B) A journal entry involving only two ledger accounts.
C) A journal entry involving at least two accounting periods.
D) A journal entry that affects at least three accounts.
E) A journal entry that affects at least four accounts.
Correct Answer:
Verified
Q91: In which of the following situations would
Q92: A summary of the ledger that lists
Q93: If the Debit and Credit column totals
Q94: A balance column ledger account is
A)An account
Q95: While in the process of posting from
Q97: Jelly's Grocery Store showed the following account
Q98: Zen Hatha opened a Yoga Studio and
Q99: Which of the following statements is true?
Q100: The most flexible type of journal that
Q105: Put the steps of the accounting cycle
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents