Multiple Choice
A compound entry is:
A) a transaction involving more than one debit and/or credit.
B) used to prepare the trial balance.
C) to duplicate an entry.
D) found on the income statement.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q16: A credit to a liability account was
Q17: Withdrawals and expenses are reported on the
Q18: A transaction that involves more than one
Q19: The beginning balance in the Capital account
Q20: A chart of accounts:<br>A) is set up
Q22: Expenses paid in advance are recorded as
Q23: The business incurred an expense and planned
Q24: The credit side is always the left
Q25: A liability would be debited and an
Q26: Wages Expense appears on the balance sheet.