menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting IFRS Study Set 1
  4. Exam
    Exam 2: The Recording Process
  5. Question
    When Only Two Accounts Are Required in One Journal Entry
Solved

When Only Two Accounts Are Required in One Journal Entry

Question 192

Question 192

Multiple Choice

When only two accounts are required in one journal entry, the entry is referred to as a


A) balanced entry.
B) simple entry.
C) posting.
D) nominal entry.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q26: The left side of an account is<br>A)

Q52: The dividends account is a subdivision of

Q69: A trial balance may balance even when

Q140: After a transaction has been posted the

Q155: A compound journal entry involves<br>A) two accounts.<br>B)

Q187: Jim Coleman, Jr. was appointed the manager

Q188: Some of the following errors would cause

Q190: All accounts reported in the statement of

Q194: Posting<br>A) accumulates the effects of ledger entries

Q197: A journal is <b>not</b> useful for<br>A)disclosing in

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines