An Accounting Entry That Is Characterized by Having Multiple Debits

question 56

Multiple Choice

An accounting entry that is characterized by having multiple debits and/or multiple credits is called a ________ entry.

• A) balanced
• B) posted
• C) chart of accounts
• D) compound journal

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Definitions:

Market Costs

Expenses associated with buying, selling, and producing goods or services within a market economy.

Pollutants

Substances that contaminate the natural environment, causing harmful effects on living organisms and ecosystems.

East Coasts

The term "East Coasts" typically refers to the eastern seaboard of a continent, often associated with the Atlantic Coast in the context of the United States, marked by significant historical, cultural, and economic developments.

Carbon Dioxide Emissions

The release of CO2 into the atmosphere, primarily from burning fossil fuels for energy, which contributes to global warming and climate change.