A Compound Journal Entry Is

question 135

Multiple Choice

A compound journal entry is

• A) A journal entry that has three or more debits and three or more credits
• B) A journal entry that affects at least three account
• C) A journal entry that affects at least four accounts
• D) A journal entry involving at least two accounting periods
• E) A journal entry involving only two ledger accounts

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Definitions:

Concurrent Exchange

A mechanism often seen in biological systems where two substances flow in opposite directions and exchange properties or elements, enhancing efficiency.

Oxygen Extracted

The process of removing oxygen from a compound or an environment, often to produce a specific chemical reaction.

Spiracles

Small openings on the surface of some animals, like insects, that lead to the respiratory system, allowing gas exchange.

Ventilate

To provide with a supply of fresh air by allowing air to flow through a space, often through natural or mechanical means.