Journal Entries Can Have More Than Two Accounts as Long

question 108

True/False

Journal entries can have more than two accounts as long as the total debits equal the total credits.

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Definitions:

Ediacaran

The geological period approximately 635 to 541 million years ago, preceding the Cambrian, known for its distinct soft-bodied fauna.

Photosynthetic Pigments

Substances produced by plants, algae, and certain bacteria to absorb sunlight and convert it into chemical energy during photosynthesis.

Enzymes

Biological molecules that act as catalysts, speeding up reactions in living organisms without being consumed in the process.

Toxins

Poisonous substances produced by living organisms, often used as defense mechanisms against predators or to incapacitate prey.