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:

Beyond Compliance

Adopting ethical standards and practices that exceed the minimum legal requirements, often to achieve greater social responsibility or environmental stewardship.

Differential Value

The unique value that a product or service offers to its customers, distinguishing it from competitors' offerings.

Environmental Impact

The effect that human activities and natural events have on the environment, including changes to ecosystems, resource depletion, and pollution.

Corporate Social Responsibility

Corporate initiative to assess and take responsibility for the company's effects on environmental and social wellbeing.