A Compound Journal Entry Affects No More Than Two Accounts

question 168

True/False

A compound journal entry affects no more than two accounts.

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Definitions:

Customer Structures

Customer structures group together people and jobs that serve the same customers or clients.

Special Needs

A term used to describe individuals who require additional support due to physical, developmental, behavioral, or emotional disabilities or challenges.

Matrix Structures

An organizational blueprint that assigns specialists from different functional departments to work on one or more projects led by a project manager, creating a grid of communication and authority.

Shadow Organisation

An informal network within an organization that operates based on personal interactions and relationships, rather than formal structures.