If the word -Split- appears in the Split column of a report rather than an account name, it means that the transaction is split between two or more______ .
A)journals
B)customers
C)accounts or items
D)reports

Question

Quizplus · Accepted Answer

When a transaction is split between two or more accounts or items, it indicates that the transaction amount is allocated across different categories or purposes, rather than being assigned to a single account or item. This is common in accounting and financial reporting to accurately reflect the nature of expenses or incomes that pertain to multiple areas.

If the Word -Split- Appears in the Split Column of a Report