A Journal Entry That Affects Only Two Accounts Is Called

question 116

True/False

A journal entry that affects only two accounts is called a compound entry.

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Definitions:

Abraham Lincoln

The 16th President of the United States who led the country during the Civil War and advocated for the abolition of slavery, ultimately resulting in the Emancipation Proclamation.

Views On Race

Entails the diverse perspectives and attitudes toward race and racial categorization across societies and historical periods.

Economic Opportunities

Prospects or chances for individuals or entities to engage in activities that can lead to economic gain or advancement.

Dred Scott Decision

An 1857 U.S. Supreme Court ruling that African Americans, whether free or slave, could not be American citizens and had no standing to sue in federal court.