A Compound Journal Entry Has More Than Two Accounts,but the Total

question 113

True/False

A compound journal entry has more than two accounts,but the total dollar value of the debits still must equal total dollar value of the credits.

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Definitions:

Supervisor

A person who oversees and directs the work of others, ensuring tasks and projects are completed efficiently.

Workers

Individuals engaged in manual or physical labor, employees, or anyone who works for another entity in exchange for financial or other compensation.

Pronoun

A word that is used in place of a noun or noun phrase, such as he, she, it, or they.

Committee

A group of people appointed for a specific function, typically consisting of members of a larger organization.