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:

Organizational Effectiveness

Measures how efficiently and effectively an organization meets its goals and objectives, often assessed through performance, productivity, and the achievement of strategic targets.

Efficiency

The degree to which something is done well or produces desired results without wasted energy or material.

Organization's Purpose

The fundamental reason for an organization's existence, often reflecting its goals, values, and the needs it seeks to fulfill in the market or community.

Project Management Office

An organizational structure within a business that standardizes project-related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques.