A Simple Journal Entry Requires Only One Debit to an Account

question 76

True/False

A simple journal entry requires only one debit to an account and one credit to an account.

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Definitions:

Fermentation

A metabolic process that converts sugar to acids, gases, or alcohol in the absence of oxygen.

Anaerobic Process

A metabolic process that occurs in the absence of oxygen, used by certain organisms to generate energy.

Electron Transport Chain

A series of complexes that transfer electrons from electron donors to electron acceptors via redox reactions, coupled with the transfer of protons across a membrane, to create a proton gradient that drives ATP synthesis.

Citric Acid Cycle

The citric acid cycle, also known as the Krebs cycle or TCA cycle, is a series of chemical reactions used by all aerobic organisms to generate energy through the oxidation of acetate derived from carbohydrates, fats, and proteins into carbon dioxide.