When Three or More Accounts Are Required in One Journal

question 195

Multiple Choice

When three or more accounts are required in one journal entry the entry is referred to as a

• A) compound entry.
• B) triple entry.
• C) multiple entry.
• D) simple entry.

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Definitions:

Supreme Court

The highest judicial court in a country or state, often having the final say in legal matters and interpretations of the law.

Social Welfare

Government or private programs aimed at providing assistance and support to individuals or groups in need.

Spending Power

Spending power, or fiscal power, refers to the ability of a governing body to mobilize monetary resources or funds for various expenditures to influence the economy.

Congress

The legislative branch of the United States federal government, consisting of the House of Representatives and the Senate.