When three or more accounts are required in one journal entry, the entry is referred to as a
A: compound entry.
B: triple entry.
C: multiple entry.
D: simple entry.
A: compound entry.
B: triple entry.
C: multiple entry.
D: simple entry.
举一反三
- An entry made to record an accrual, such as bad debt expense, that is not yet reflected in the accounting system is best described as a(n):（） A: ledger entry. B: adjusting entry. C: trial balance entry.
- Which of the following correctly describes an oligopoly? A: A single firm has all of the market power. B: Several firms have market power and there is free entry and exit. C: Several firms have market power and there are barriers to entry. D: Several firms take the price as given and there is free entry and exit.
- What is meant by a prime entry record? A: An entry to the ledger accounts B: The initial recording of a transaction within the accounting system C: The recording of the debit side of a double entry D: The sum of the direct costs incurred during production
- For each journal entry, the account to be debited is indented.
- Under the direct write-off method, the journal entry to record Uncollectible-Account Expense includes a credit to Accounts Receivable.