A Compound Journal Entry Requires Several Debits to One Account

question 164

True/False

A compound journal entry requires several debits to one account and several credits to one account.

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Definitions:

Equal Employment

Equal Employment is the principle of providing all individuals with equal opportunities in hiring, advancement, and professional development, without discrimination.

Opportunity Commission

Often relates to government or organizational bodies that aim to promote equal opportunity in employment and beyond.

Title VII

Part of the Civil Rights Act of 1964 in the United States, prohibiting employment discrimination based on race, color, religion, sex, or national origin.

Uniformed Services

The various organizations where members are required to wear a prescribed uniform, including military branches and other government service branches.