Compound Entries

question 115

Multiple Choice

Compound entries

• A) would include an entry to record the purchase of a computer for cash.
• B) include at least two debits or two credits.
• C) require that all credits be listed before the debits for entries affecting the statement of financial position.
• D) should be broken into their component parts and recorded as simple entries.

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Definitions:

Academic Achievement

The extent of knowledge and skill a person has acquired through education and learning.

Stable Over Time

A term describing something that remains consistent and unchanged over a significant period.

Dyscalculia

A specific learning disability that affects a person's ability to understand numbers and learn math facts.

Quantitative IQ

Refers to the measure of the intelligence of an individual expressed as a number derived from standardized tests.