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_______________ Is How a Person Acts

question 63

Short Answer

_______________ is how a person acts.


Definitions:

Compound Journal Entry

A journal entry that includes multiple debits, credits, or both, affecting more than two accounts.

Accounts

Records of financial transactions pertaining to specific assets, liabilities, equity, revenues, and expenses within an organization.

Compound Entry

A type of journal entry in accounting that involves more than two accounts, with multiple debits, credits, or both.

Journalizing

The process of recording business transactions in the journal of accounting as part of the double-entry bookkeeping system.

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