It is never correct for a compound entry's debit totals and credit totals to be unequal.

Name: It is never correct for a compound entry's debit totals and credit totals to be unequal.
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Question

Quizplus · Accepted Answer

The basic principle of accounting is that every transaction should have equal debits and credits, which ensures that the accounting equation remains in balance. Therefore, it is never correct for a compound entry's debit and credit totals to be unequal.

It Is Never Correct for a Compound Entry's Debit Totals