menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    College Accounting Study Set 2
  4. Exam
    Exam 2: Debits and Credits: Analyzing and Recording Business Transactions
  5. Question
    A Compound Entry Is
Solved

A Compound Entry Is

Question 21

Question 21

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:

verifed

Verified

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

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.

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