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:

Bureaucratic Organization

A type of organizational structure characterized by strict procedures, hierarchical relationships, and detailed rules and guidelines to ensure consistency and control.

Rational Structure

An organizational design that emphasizes a well-defined hierarchy, clear roles, and formal procedures and guidelines.

Formal Authority

Refers to the power granted to an individual or a position through organizational structures and official job descriptions.

Mechanistic Designs

Organizational structures characterized by clear hierarchies, rigid departments, and strict adherence to rules, enhancing efficiency in stable environments.