A journal entry that affects no more than two accounts is called a compound entry.
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Q40: If a company purchases equipment paying cash,
Q41: The financial statement that summarizes the changes
Q42: If an owner's capital account had a
Q43: The general journal is known as the
Q44: Transactions are recorded first in the ledger
Q46: At a given point in time, a
Q47: The journal is known as a book
Q48: A general journal gives a complete record
Q49: A company that finances a relatively large
Q50: The ordering of accounts in a trial
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